Cohort (LON:CHRT) Reaches New 1-Year High - Here's What Happened

Shares of Cohort plc (LON:CHRT - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,796 ($24.09) and last traded at GBX 1,748 ($23.45), with a volume of 1184736 shares changing hands. The stock had previously closed at GBX 1,540 ($20.66).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "buy" rating and set a GBX 1,630 ($21.86) price target on shares of Cohort in a research report on Wednesday.

Cohort Trading Up 1.7%

The company has a quick ratio of 0.93, a current ratio of 1.55 and a debt-to-equity ratio of 37.28. The company has a market cap of £704.46 million, a price-to-earnings ratio of 40.99 and a beta of 0.56. The company's 50-day moving average is GBX 1,527.45 and its 200 day moving average is GBX 1,306.52.

Cohort (LON:CHRT - Get Free Report) last issued its earnings results on Wednesday, July 16th. The company reported GBX 54.44 ($0.73) EPS for the quarter. Cohort had a net margin of 7.56% and a return on equity of 14.91%. Research analysts predict that Cohort plc will post 42.7951807 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nicholas Martin Prest sold 350,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of GBX 1,743 ($23.38), for a total transaction of £6,100,500 ($8,183,098.59). Also, insider Simon Walther sold 55,021 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of GBX 1,743 ($23.38), for a total transaction of £959,016.03 ($1,286,406.48). Insiders sold 560,452 shares of company stock worth $976,704,036 in the last 90 days. Corporate insiders own 39.22% of the company's stock.

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.