Cohort (LON:CHRT) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Shares of Cohort plc (LON:CHRT) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 1,253.23 and traded as low as GBX 1,228. Cohort shares last traded at GBX 1,248, with a volume of 199,138 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CHRT shares. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,300 target price on shares of Cohort in a research report on Friday, September 25th. Royal Bank Of Canada upped their price target on Cohort from GBX 1,740 to GBX 1,760 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,630 price objective on shares of Cohort in a research report on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,563.33.

Cohort Stock Performance

The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 30.21. The stock has a fifty day simple moving average of GBX 1,238.69 and a 200-day simple moving average of GBX 1,253.23. The company has a market capitalization of £576.30 million, a P/E ratio of 24.33 and a beta of 0.35.

Insider Transactions at Cohort

In other news, insider Simon Walther bought 142 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average price of GBX 1,260 per share, for a total transaction of £1,789.20. Also, insider Andrew Stephen Thomis purchased 142 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average cost of GBX 1,260 per share, with a total value of £1,789.20. Company insiders own 28.29% 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.