Cohort’s (CHRT) “Buy” Rating Reiterated at Berenberg Bank

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

A number of other brokerages also recently commented on CHRT. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a research report on Wednesday, July 1st. 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 note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,563.33.

Cohort Stock Up 1.7%

Shares of CHRT stock opened at GBX 1,302 on Tuesday. The firm’s fifty day moving average price is GBX 1,269.38 and its two-hundred day moving average price is GBX 1,237.59. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 30.21. Cohort has a 1 year low of GBX 881.10 and a 1 year high of GBX 1,612. The firm has a market capitalization of £596.71 million, a P/E ratio of 32.51 and a beta of 0.34.

Cohort (LON:CHRT) last released 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%. On average, equities analysts predict that Cohort will post 42.7951807 EPS for the current fiscal year.

Insider Buying and Selling at Cohort

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