Cohort (LON:CHRT) Trading Up 5.4% – What’s Next?

Shares of Cohort plc (LON:CHRT) rose 5.4% during trading on Thursday . The company traded as high as GBX 1,000 ($12.65) and last traded at GBX 963.04 ($12.19). Approximately 620,915 shares traded hands during trading, an increase of 526% from the average daily volume of 99,136 shares. The stock had previously closed at GBX 914 ($11.57).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Cohort in a report on Tuesday, September 24th.

Cohort Trading Up 9.4 %

The stock has a market capitalization of £404.40 million, a P/E ratio of 2,515.79 and a beta of 0.56. The company has a 50-day moving average price of GBX 891 and a 200 day moving average price of GBX 844.98. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 36.88.

Insiders Place Their Bets

In other Cohort news, insider Simon Walther acquired 598 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was acquired at an average cost of GBX 906 ($11.46) per share, for a total transaction of £5,417.88 ($6,855.47). Corporate insiders own 39.22% of the company’s stock.

About Cohort

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.