Cohort (LON:CHRT) Shares Break Below 200 Day Moving Average – Time to Sell?

Shares of Cohort plc (LON:CHRT) 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHRT. Royal Bank Of Canada lifted their target price 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. Berenberg Bank reissued a “buy” rating and set a GBX 1,630 price target on shares of Cohort in a report on Friday, September 25th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,300 price objective on shares of Cohort in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Cohort currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,563.33.

Cohort Trading Up 1.0%

The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 30.21. The business has a fifty day simple moving average of GBX 1,228.95 and a 200 day simple moving average of GBX 1,250.97. The company has a market cap of £554.52 million, a price-to-earnings ratio of 23.51 and a beta of 0.34.

Cohort (LON:CHRT) last issued its earnings results on Wednesday, July 15th. The company reported GBX 61.93 EPS for the quarter. Cohort had a net margin of 7.80% and a return on equity of 13.59%. On average, equities analysts anticipate that Cohort plc will post 42.7951807 EPS for the current fiscal year.

Insider Transactions at Cohort

In other Cohort news, insider Andrew Stephen Thomis sold 23,898 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total value of £277,694.76. Also, insider Simon Walther sold 39,635 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of GBX 1,162, for a total transaction of £460,558.70. In the last three months, insiders have sold 89,010 shares of company stock worth $109,706,915. 29.78% of the stock is 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.