Insider Selling: Cohort (LON:CHRT) Insider Sells £460,558.70 in Stock

Key Points

• Cohort insider Simon Walther sold 39,635 shares at an average price of GBX 1,162, generating proceeds of approximately £460,559. He also sold nearly £352,000 of shares in August.
• Cohort shares recently traded at GBX 1,147.07, below their 50-day and 200-day moving averages, with a market capitalization of about £527 million.
• Analysts maintain a “Moderate Buy” consensus, with two Buy ratings and one Hold rating and an average price target of GBX 1,563.33.

Cohort plc (LON:CHRT - Get Free Report) insider Simon Walther sold 39,635 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total transaction of £460,558.70.

Simon Walther also recently made the following trade(s):

• On Friday, August 14th, Simon Walther sold 24,958 shares of Cohort stock. The shares were sold at an average price of GBX 1,410, for a total transaction of £351,907.80.
• On Thursday, July 16th, Simon Walther acquired 518 shares of Cohort stock. The stock was purchased at an average cost of GBX 1,331 per share, with a total value of £6,894.58.
• On Thursday, July 16th, Simon Walther sold 519 shares of Cohort stock. The stock was sold at an average price of GBX 1,331, for a total transaction of £6,907.89.

Cohort Price Performance

Shares of CHRT stock traded up GBX 23.07 during mid-day trading on Friday, hitting GBX 1,147.07. 44,719 shares of the stock were exchanged, compared to its average volume of 421,508. The firm has a fifty day moving average of GBX 1,279.91 and a 200 day moving average of GBX 1,267.06. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 30.21. Cohort plc has a 52-week low of GBX 881.10 and a 52-week high of GBX 1,538. The company has a market cap of £527.42 million, a PE ratio of 22.36 and a beta of 0.34.

Cohort (LON:CHRT - Get Free Report) last posted its earnings results on Wednesday, July 15th. The company reported GBX 61.93 EPS for the quarter. Cohort had a return on equity of 13.59% and a net margin of 7.80%. Research analysts anticipate that Cohort plc will post 42.7951807 earnings per share for the current year.

Analysts Set New Price Targets

CHRT has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 1,300 target price on shares of Cohort in a research note on Wednesday, July 1st. Royal Bank Of Canada lifted their price target on shares of Cohort from GBX 1,740 to GBX 1,760 and gave the company an "outperform" rating in a research note on Friday, July 17th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,630 price target on shares of Cohort in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,563.33.

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. Cohort acquired a majority stake in June 2016. www.eid.pt - EM Solutions designs, assembles, tests, and supports satellite communications on-the-move terminals for defence and government customers.

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