Cohort (LON:CHRT) Shares Cross Below 200 Day Moving Average - Here's What Happened

Key Points

• Cohort shares fell below their 200-day moving average of GBX 1,265.28, reaching an intraday low of GBX 1,192 before last trading at GBX 1,203.44.
• Analysts remain broadly positive, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and an average price target of GBX 1,563.33.
• Cohort reported quarterly EPS of GBX 61.93, a 13.59% return on equity and a 7.80% net margin; insider Simon Walther also sold 24,958 shares for approximately £351,908.

Cohort plc (LON:CHRT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,265.28 and traded as low as GBX 1,192. Cohort shares last traded at GBX 1,203.44, with a volume of 1,697,825 shares.

Analyst Ratings Changes

A number of brokerages recently commented on CHRT. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 1,300 price objective on shares of Cohort in a research note on Wednesday, July 1st. Royal Bank Of Canada increased their target price 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. Finally, Berenberg Bank restated a "buy" rating and set a GBX 1,630 target price on shares of Cohort in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,563.33.

Cohort Stock Performance

The firm has a market cap of £551.54 million, a price-to-earnings ratio of 23.46 and a beta of 0.34. The stock has a 50-day moving average of GBX 1,294.22 and a 200-day moving average of GBX 1,265.28. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.93 and a current ratio of 1.43.

Cohort (LON:CHRT - Get Free Report) last released its quarterly 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%. As a group, analysts anticipate that Cohort plc will post 42.7951807 EPS for the current fiscal year.

Insider Activity at Cohort

In related news, insider Simon Walther sold 24,958 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of GBX 1,410, for a total transaction of £351,907.80. 28.34% of the stock is currently owned by corporate 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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