Cohort's (CHRT) "Hold" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Cohort and maintained a GBX 1,300 price target, implying approximately 11.11% upside from the current price.
• Analyst sentiment overall remains favorable, with a “Moderate Buy” consensus, an average price target of GBX 1,563.33, and recent “Buy” or “Outperform” ratings from Berenberg Bank and RBC.
• Cohort reported quarterly EPS of GBX 61.93, while insiders sold 89,010 shares worth approximately £109.7 million during the last quarter; insiders retain a 29.78% ownership stake.

Cohort (LON:CHRT - Get Free Report)'s stock had its "hold" rating restated by analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They presently have a GBX 1,300 target price on the stock. Jefferies Financial Group's target price points to a potential upside of 11.11% from the company's current price.

A number of other analysts also recently commented on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 1,630 target price on shares of Cohort in a research report on Friday. Royal Bank Of Canada raised their price target on 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 1,563.33.

Cohort Trading Up 2.6%

Shares of Cohort stock opened at GBX 1,170 on Friday. The company has a 50-day moving average of GBX 1,242.41 and a two-hundred day moving average of GBX 1,258.39. Cohort has a 12-month low of GBX 881.10 and a 12-month high of GBX 1,538. The company has a current ratio of 1.43, a quick ratio of 0.93 and a debt-to-equity ratio of 30.21. The stock has a market cap of £537.97 million, a PE ratio of 22.81 and a beta of 0.34.

Cohort (LON:CHRT - Get Free Report) last announced 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%. On average, research analysts anticipate that Cohort will post 42.7951807 EPS for the current fiscal year.

Insider Activity at Cohort

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

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