Cohort (LON:CHRT) Earns “Hold” Rating from Jefferies Financial Group

Cohort (LON:CHRT)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a report released on Friday, Digital Look reports. They currently have a GBX 1,300 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 12.65% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 1,630 price target on shares of Cohort in a research note on Friday. Royal Bank Of Canada increased their price target on shares of Cohort from GBX 1,740 to GBX 1,760 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,563.33.

Cohort Stock Up 1.2%

Cohort stock traded up GBX 14 during mid-day trading on Friday, hitting GBX 1,154. The company had a trading volume of 102,761 shares, compared to its average volume of 406,066. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 30.21. Cohort has a 1 year low of GBX 881.10 and a 1 year high of GBX 1,538. The business has a fifty day moving average of GBX 1,242.41 and a 200 day moving average of GBX 1,258.39. The stock has a market cap of £530.61 million, a price-to-earnings ratio of 22.50 and a beta of 0.34.

Cohort (LON:CHRT) last posted its earnings results on Wednesday, July 15th. The company reported GBX 61.93 EPS for the quarter. Cohort had a net margin of 7.80% and a return on equity of 13.59%. On average, sell-side analysts expect that Cohort will post 42.7951807 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Simon Walther sold 39,635 shares of Cohort stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total transaction of £460,558.70. Also, insider Andrew Stephen Thomis sold 23,898 shares of Cohort stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total transaction of £277,694.76. In the last three months, insiders sold 89,010 shares of company stock worth $109,706,915. Insiders own 29.78% of the company’s stock.

About Cohort

Cohort plc is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

The Group is split into two segments:

Communications and Intelligence
– EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt

– EM Solutions designs, assembles, tests, and supports satellite communications on-the-move terminals for defence and government customers.