Cohort (LON:CHRT) Share Price Breaks Below Two Hundred Day Moving Average - What's Next?

Key Points

• Cohort shares fell below their 200-day moving average, trading as low as GBX 1,196 and last changing hands at GBX 1,206, below the GBX 1,250.97 long-term average.
• Analyst sentiment remains positive overall: RBC raised its target to GBX 1,760, Berenberg maintained a GBX 1,630 buy target, and Jefferies kept a hold rating with a GBX 1,300 target. The consensus rating is “Moderate Buy,” with an average price target of GBX 1,563.33.
• Insiders have been selling shares, including two September transactions totaling more than £738,000; insiders sold 89,010 shares over the past 90 days while retaining a 29.78% ownership stake.

Cohort plc (LON:CHRT - Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 1,250.97 and traded as low as GBX 1,196. Cohort shares last traded at GBX 1,206, with a volume of 83,871 shares traded.

Analysts Set New Price Targets

CHRT has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Cohort from GBX 1,740 to GBX 1,760 and gave the company an "outperform" rating in a research note on Friday, July 17th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,630 price objective on shares of Cohort in a research note on Friday, September 25th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 1,300 price objective on shares of Cohort in a report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,563.33.

Cohort Stock Performance

The firm has a market cap of £554.52 million, a P/E ratio of 23.51 and a beta of 0.34. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.93 and a current ratio of 1.43. The stock's 50-day moving average is GBX 1,228.95 and its 200 day moving average is GBX 1,250.97.

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

Insider Transactions at Cohort

In related news, insider Simon Walther sold 39,635 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total value of £460,558.70. Also, insider Andrew Stephen Thomis sold 23,898 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,162, for a total value of £277,694.76. In the last ninety days, insiders have sold 89,010 shares of company stock worth $109,706,915. 29.78% of the stock is currently owned by 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. 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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