Cohort (LON:CHRT) Trading Up 9% - Should You Buy?

Cohort plc (LON:CHRT - Get Free Report) shares traded up 9% during trading on Wednesday . The company traded as high as GBX 1,708 ($22.93) and last traded at GBX 1,678 ($22.52). 330,249 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 192,860 shares. The stock had previously closed at GBX 1,540 ($20.67).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating and set a GBX 1,630 ($21.88) target price on shares of Cohort in a report on Wednesday.

Cohort Price Performance

The firm has a market capitalization 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 1,305.03. 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 issued its quarterly earnings data on Wednesday, July 16th. The company reported GBX 54.44 ($0.73) earnings per share (EPS) for the quarter. Cohort had a net margin of 7.56% and a return on equity of 14.91%. Equities research analysts anticipate that Cohort plc will post 42.7951807 earnings per share for the current year.

Insider Activity at Cohort

In related news, insider Andrew Stephen Thomis sold 51,141 shares of Cohort stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of GBX 1,743 ($23.40), for a total value of £891,387.63 ($1,196,493.46). Also, insider Simon Walther sold 55,021 shares of Cohort stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of GBX 1,743 ($23.40), for a total transaction of £959,016.03 ($1,287,269.84). Insiders have sold 560,452 shares of company stock valued at $976,704,036 over the last three months. 39.22% of the stock is owned by insiders.

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.