Shore Capital Reiterates Buy Rating for Cohort (LON:CHRT)

Shore Capital reaffirmed their buy rating on shares of Cohort (LON:CHRT - Free Report) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. Shore Capital currently has a GBX 1,630 ($21.87) target price on the stock.

Cohort Trading Down 12.7%

Shares of CHRT stock traded down GBX 222 ($2.98) on Wednesday, reaching GBX 1,526 ($20.48). The company had a trading volume of 425,264 shares, compared to its average volume of 202,830. The stock has a market cap of £692.65 million, a PE ratio of 40.30 and a beta of 0.56. The company has a 50-day moving average of GBX 1,523.65 and a 200-day moving average of GBX 1,298.87. 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 has a 12 month low of GBX 760.50 ($10.21) and a 12 month high of GBX 1,796 ($24.10).

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

Insider Transactions at Cohort

In related news, insider Simon Walther sold 54,979 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of GBX 1,743 ($23.39), for a total transaction of £958,283.97 ($1,285,941.99). Also, insider Andrew Stephen Thomis sold 48,961 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 ($23.39), for a total value of £853,390.23 ($1,145,182.81). Insiders sold 560,452 shares of company stock valued at $976,704,036 over the last quarter. Corporate insiders own 39.22% of the company's stock.

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.