Cohort (LON:CHRT) Shares Up 8.8% – Should You Buy?

Cohort plc (LON:CHRT) was up 8.8% during mid-day trading on Wednesday . The stock traded as high as GBX 1,368 and last traded at GBX 1,338. Approximately 134,657 shares changed hands during trading, a decline of 75% from the average daily volume of 531,954 shares. The stock had previously closed at GBX 1,230.

Analyst Ratings Changes

A number of research firms recently issued reports on CHRT. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,300 price target on shares of Cohort in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,740 target price on shares of Cohort in a report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,556.67.

Cohort Stock Up 8.8%

The company has a debt-to-equity ratio of 57.48, a quick ratio of 0.93 and a current ratio of 1.36. The stock’s 50-day moving average price is GBX 1,231.99 and its two-hundred day moving average price is GBX 1,188.02. The stock has a market capitalization of £613.15 million, a PE ratio of 33.41 and a beta of 0.34.

Insiders Place Their Bets

In other Cohort news, insider Andrew Stephen Thomis sold 1,611 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of GBX 1,242, for a total transaction of £20,008.62. Company insiders own 28.35% 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.