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

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Cohort and set a GBX 1,630 price target, implying approximately 39.3% upside from the current price.
• Analyst sentiment remains positive overall: Cohort has a consensus “Moderate Buy” rating and an average target price of GBX 1,563.33, supported by an RBC “outperform” rating and a Jefferies “hold” rating.
• Cohort reported quarterly earnings of GBX 61.93 per share, with a 7.80% net margin and 13.59% return on equity; however, insiders sold 89,010 shares during the last quarter.

Cohort (LON:CHRT - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 1,630 target price on the stock. Berenberg Bank's price objective would indicate a potential upside of 39.32% from the company's current price.

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

Cohort Price Performance

CHRT stock opened at GBX 1,170 on Friday. The stock has a market capitalization of £537.97 million, a price-to-earnings ratio of 22.81 and a beta of 0.34. The firm's 50-day moving average price is GBX 1,242.41 and its two-hundred day moving average price is GBX 1,258.39. 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 12-month low of GBX 881.10 and a 12-month high of GBX 1,538.

Cohort (LON:CHRT - Get Free Report) last posted its earnings results on Wednesday, July 15th. The company reported GBX 61.93 earnings per share for the quarter. Cohort had a net margin of 7.80% and a return on equity of 13.59%. As a group, equities analysts predict that Cohort will post 42.7951807 earnings per share for the current year.

Insider Activity

In related news, insider Simon Walther sold 39,635 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total value of £460,558.70. Also, insider Andrew Stephen Thomis sold 23,898 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total transaction of £277,694.76. Insiders have sold 89,010 shares of company stock worth $109,706,915 in the last quarter. 29.78% of the stock is owned by corporate 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.

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