Cohort (LON:CHRT) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Cohort (LON:CHRT) in a report published on Tuesday,Digital Look reports. They currently have a GBX 1,630 price target on the stock.

Several other equities research analysts have also recently weighed in on CHRT. Royal Bank Of Canada increased their price target on Cohort from GBX 1,740 to GBX 1,760 and gave the company an “outperform” rating in a research note on Friday, July 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,563.33.

Cohort Stock Performance

LON CHRT opened at GBX 1,280 on Tuesday. The company has a market capitalization of £586.62 million, a price-to-earnings ratio of 31.96 and a beta of 0.34. Cohort has a twelve month low of GBX 881.10 and a twelve month high of GBX 1,612. The stock has a fifty day simple moving average of GBX 1,263.50 and a 200 day simple moving average of GBX 1,232.10. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 30.21.

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

Insider Buying and Selling

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

Cohort Company Profile

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.