Cohort (LON:CHRT) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Cohort plc's stock price has recently crossed above its 200-day moving average, indicating a potential shift in trading momentum.
• Analysts, including Shore Capital, have maintained a "buy" rating on Cohort, setting a price target of GBX 1,630, which suggests favorable expectations for future performance.
• The company reported earnings of GBX 54.44 per share for the last quarter, contributing to an overall 14.91% return on equity and a net margin of 7.56%.

Cohort plc (LON:CHRT - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,366.58 ($18.52) and traded as high as GBX 1,390 ($18.84). Cohort shares last traded at GBX 1,390 ($18.84), with a volume of 243,735 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "buy" rating and set a GBX 1,630 price objective on shares of Cohort in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 1,630.

Cohort Trading Up 1.1%

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 £607.26 million, a P/E ratio of 3,010.17 and a beta of 0.56. The firm's 50 day moving average is GBX 1,374.72 and its two-hundred day moving average is GBX 1,373.82.

Cohort (LON:CHRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The company reported GBX 54.44 earnings per share for the quarter. Cohort had a net margin of 7.56% and a return on equity of 14.91%. As a group, equities research analysts anticipate that Cohort plc will post 42.7951807 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrew Stephen Thomis sold 21,203 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of GBX 1,256, for a total value of £266,309.68. Also, insider Simon Walther sold 16,569 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 1,256, for a total transaction of £208,106.64. Insiders have sold a total of 597,874 shares of company stock valued at $1,023,699,418 over the last 90 days. 28.38% 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.