Cohort (LON:CHRT) Stock Passes Above Two Hundred Day Moving Average - Here's Why

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)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,366.58 ($18.59) and traded as high as GBX 1,390 ($18.91). Cohort shares last traded at GBX 1,390 ($18.91), with a volume of 243,735 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating and set a GBX 1,630 price target on shares of Cohort in a report on Wednesday, July 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 1,630.

Cohort Price Performance

The company has a 50 day moving average price of GBX 1,386.56 and a 200 day moving average price of GBX 1,373.03. The firm has a market cap of £661.06 million, a PE ratio of 3,276.84 and a beta of 0.56. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 37.28.

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

Insider Activity at Cohort

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