Berenberg Bank Reaffirms “Buy” Rating for Cohort (LON:CHRT)

Cohort (LON:CHRT)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 1,630 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 26.76% from the company’s previous close.

CHRT has been the subject of a number of other research reports. Royal Bank Of Canada raised their price target on shares of Cohort from GBX 1,740 to GBX 1,760 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Cohort presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,563.33.

Cohort Price Performance

Cohort stock opened at GBX 1,285.92 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 30.21. The company has a 50-day moving average price of GBX 1,260.74 and a 200 day moving average price of GBX 1,229.47. Cohort has a 12-month low of GBX 881.10 and a 12-month high of GBX 1,612. The stock has a market cap of £589.34 million, a P/E ratio of 32.11 and a beta of 0.34.

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

Insider Activity

In related news, insider Simon Walther sold 519 shares of the business’s stock in a transaction on Thursday, July 16th. The stock was sold at an average price of GBX 1,331, for a total value of £6,907.89. Corporate insiders own 28.34% 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.