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

Cohort (LON:CHRT)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Tuesday,Digital Look reports. They presently have a GBX 1,630 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 27.34% from the stock’s current price.

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

Cohort Price Performance

Shares of LON:CHRT opened at GBX 1,280 on Tuesday. The business has a 50 day moving average price of GBX 1,266.50 and a 200 day moving average price of GBX 1,234.73. Cohort has a twelve month low of GBX 881.10 and a twelve month high of GBX 1,612. The company has a market cap of £586.62 million, a price-to-earnings ratio of 31.96 and a beta of 0.34. 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 issued its quarterly earnings results on Wednesday, July 15th. The company reported GBX 61.93 EPS for the quarter. Cohort had a return on equity of 13.59% and a net margin of 7.80%. Research analysts predict that Cohort will post 42.7951807 earnings per share for the current year.

Insider Buying and Selling

In other Cohort news, insider Simon Walther sold 519 shares of the firm’s stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of GBX 1,331, for a total value of £6,907.89. 28.34% of the stock is currently owned by company insiders.

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.