Cohort (LON:CHRT) Shares Break Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Cohort shares briefly fell below their 200-day moving average of GBX 1,247.53, reaching GBX 1,220 before trading at GBX 1,280.33.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of GBX 1,563.33, implying upside from the latest price.
• Company insiders sold 89,010 shares worth approximately £109.7 million over the past 90 days, while Cohort reported quarterly EPS of GBX 61.93 and a 13.59% return on equity.

Shares of Cohort plc (LON:CHRT - Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 1,247.53 and traded as low as GBX 1,220. Cohort shares last traded at GBX 1,280.33, with a volume of 141,611 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHRT shares. Berenberg Bank restated a "buy" rating and issued a GBX 1,630 target price on shares of Cohort in a report on Friday, September 25th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 1,300 target price on shares of Cohort in a research report on Friday, September 25th. Finally, 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 report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cohort presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,563.33.

Cohort Stock Up 7.0%

The company has a debt-to-equity ratio of 30.21, a current ratio of 1.43 and a quick ratio of 0.93. The business has a 50 day moving average price of GBX 1,224.71 and a 200 day moving average price of GBX 1,247.53. The firm has a market capitalization of £588.80 million, a P/E ratio of 24.96 and a beta of 0.35.

Cohort (LON:CHRT - Get Free Report) last posted its quarterly earnings data 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, analysts predict that Cohort plc will post 42.80 earnings per share for the current year.

Insider Activity at Cohort

In other news, insider Simon Walther sold 39,635 shares of the company'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 transaction 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 shares were sold at an average price of GBX 1,162, for a total value of £277,694.76. Over the last ninety days, insiders sold 89,010 shares of company stock worth $109,706,915. Company insiders own 29.78% 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. 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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