Cohort plc (LON:CHRT) Insider Nicholas Martin Prest Sells 350,000 Shares

Cohort plc (LON:CHRT) insider Nicholas Martin Prest sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of GBX 1,743 ($23.41), for a total transaction of £6,100,500 ($8,191,889.35).

Cohort Stock Performance

Cohort stock opened at GBX 1,526 ($20.49) on Friday. Cohort plc has a 12-month low of GBX 760.50 ($10.21) and a 12-month high of GBX 1,796 ($24.12). The company has a market capitalization of £692.65 million, a price-to-earnings ratio of 40.30 and a beta of 0.56. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.55 and a quick ratio of 0.93. The firm’s fifty day moving average price is GBX 1,525.45 and its 200 day moving average price is GBX 1,301.84.

Cohort (LON:CHRT) last released its earnings results on Wednesday, July 16th. The company reported GBX 54.44 ($0.73) earnings per share for the quarter. Cohort had a net margin of 7.56% and a return on equity of 14.91%. On average, research analysts forecast that Cohort plc will post 42.7951807 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 1,630 ($21.89) price target on shares of Cohort in a research note on Wednesday.

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.