Jefferies Financial Group Reiterates “Hold” Rating for Cohort (LON:CHRT)

Cohort (LON:CHRT)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,300 price target on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 2.11% from the company’s previous close.

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,740 target price on shares of Cohort in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,556.67.

Cohort Trading Up 8.0%

CHRT traded up GBX 98 on Wednesday, reaching GBX 1,328. 71,579 shares of the company traded hands, compared to its average volume of 531,450. Cohort has a one year low of GBX 881.10 and a one year high of GBX 1,796. The firm has a fifty day simple moving average of GBX 1,231.99 and a two-hundred day simple moving average of GBX 1,188.02. The company has a market cap of £608.57 million, a P/E ratio of 33.16 and a beta of 0.34. The company has a quick ratio of 0.93, a current ratio of 1.36 and a debt-to-equity ratio of 57.48.

Insider Activity

In other news, insider Andrew Stephen Thomis sold 1,613 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of GBX 1,240, for a total transaction of £20,001.20. 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.