Cohort (LON:CHRT) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Cohort plc (LON:CHRT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,244.06 and traded as high as GBX 1,344. Cohort shares last traded at GBX 1,275.72, with a volume of 74,552 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CHRT shares. Berenberg Bank reissued a “buy” rating and set a GBX 1,630 price target on shares of Cohort in a research report on Tuesday, July 21st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,300 target price on shares of Cohort in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada raised 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 report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,563.33.

Cohort Stock Performance

The business has a 50-day moving average of GBX 1,283.54 and a two-hundred day moving average of GBX 1,245.90. The company has a debt-to-equity ratio of 30.21, a current ratio of 1.43 and a quick ratio of 0.93. The company has a market cap of £565.54 million, a P/E ratio of 30.81 and a beta of 0.34.

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

Insider Buying and Selling

In related news, insider Simon Walther sold 519 shares of the stock in a transaction that occurred on Thursday, July 16th. The shares were sold at an average price of GBX 1,331, for a total transaction of £6,907.89. 28.34% of the stock is owned by 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.