Cohort (LON:CHRT) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Cohort plc's stock price has recently fallen below its 200-day moving average, trading as low as GBX 1,274 ($17.13) compared to its average of GBX 1,392.42 ($18.72).
• Shore Capital has reiterated a "buy" rating for Cohort, with a target price of GBX 1,630, reflecting a consensus rating of "Buy" among analysts.
• Insider trades were reported, with significant share sales from insiders Simon Walther and Andrew Stephen Thomis, totaling around £474,416.

Cohort plc (LON:CHRT - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,392.42 ($18.72) and traded as low as GBX 1,274 ($17.13). Cohort shares last traded at GBX 1,290 ($17.34), with a volume of 86,882 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating and issued a GBX 1,630 target price on shares of Cohort in a report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Cohort presently has a consensus rating of "Buy" and an average price target of GBX 1,630.

Cohort Trading Down 5.1%

The business has a 50-day moving average of GBX 1,313.59 and a 200-day moving average of GBX 1,392.42. 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 stock has a market cap of £558.88 million, a price-to-earnings ratio of 2,767.91 and a beta of 0.56.

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

Insider Buying and Selling

In other news, insider Simon Walther sold 16,569 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of GBX 1,256, for a total transaction of £208,106.64. Also, insider Andrew Stephen Thomis sold 21,203 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of GBX 1,256, for a total transaction of £266,309.68. Corporate insiders own 28.48% 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.

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