Simon Walther Sells 24,958 Shares of Cohort (LON:CHRT) Stock

Key Points

• Insider sale: Simon Walther sold 24,958 Cohort shares at GBX 1,410 each, for total proceeds of approximately £351,908. He previously bought 518 shares and sold 519 shares in July at GBX 1,331 per share.
• Share performance: Cohort stock fell 1.5% to GBX 1,361.86 in midday trading, with a market capitalization of about £624.1 million. The shares remain above their 50-day and 200-day moving averages.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of GBX 1,563.33; targets range from GBX 1,300 to GBX 1,760.

Cohort plc (LON:CHRT - Get Free Report) insider Simon Walther sold 24,958 shares of Cohort stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of GBX 1,410, for a total value of £351,907.80.

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

• On Thursday, July 16th, Simon Walther purchased 518 shares of Cohort stock. The stock was bought at an average price 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 shares were sold at an average price of GBX 1,331, for a total transaction of £6,907.89.

Cohort Stock Down 1.5%

Shares of CHRT traded down GBX 20.14 during midday trading on Tuesday, hitting GBX 1,361.86. The company had a trading volume of 125,943 shares, compared to its average volume of 449,397. 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's 50 day moving average price is GBX 1,292.18 and its 200 day moving average price is GBX 1,260.64. The stock has a market cap of £624.14 million, a price-to-earnings ratio of 26.55 and a beta of 0.34.

Cohort (LON:CHRT - Get Free Report) last released 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%. On average, equities research analysts predict that Cohort plc will post 42.7951807 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHRT. Berenberg Bank reissued a "buy" rating and issued a GBX 1,630 price objective on shares of Cohort in a research report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on shares of Cohort from GBX 1,740 to GBX 1,760 and gave the company an "outperform" rating in a report on Friday, July 17th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 1,300 price objective on shares of Cohort in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Cohort has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,563.33.

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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