Insider Simon Walther Acquires £1,795.50 in Cohort Shares

Simon Walther, an insider at Cohort plc (LON:CHRT), has acquired 189 shares of the company’s stock in a transaction that occurred on October 15, 2023. The shares were purchased at an average price of GBX 950 each, bringing the total investment to £1,795.50.

On the trading day following Walther’s purchase, Cohort’s stock opened at GBX 1,241.63. The company currently holds a market capitalization of £566.56 million, with a price-to-earnings (P/E) ratio of 2,805.95 and a beta of 0.56. Cohort’s fifty-day moving average price stands at GBX 1,311.46, while the two-hundred day moving average is GBX 1,393.48. Over the past year, the stock has fluctuated between a low of GBX 860 and a high of GBX 1,796.

Cohort also exhibits solid financial ratios, with a current ratio of 1.55, a quick ratio of 0.93, and a debt-to-equity ratio of 37.28. These figures suggest a balanced approach to managing liquidity and leveraging debt.

Analyst Insights and Ratings

In a recent report, Shore Capital reaffirmed a “buy” rating for Cohort shares, setting a price target of GBX 1,630. Market data from MarketBeat.com indicates that the stock is generally rated as a “Buy,” with an average price target also set at GBX 1,630. This consensus reflects optimism among analysts regarding Cohort’s market performance.

About Cohort plc

Cohort plc operates as the parent company of seven innovative and agile businesses based in the UK, Australia, Germany, and Portugal. The group provides a diverse range of services and products primarily aimed at domestic and export customers in defence and related sectors. Cohort is divided into two main segments: Communications and Intelligence, with its subsidiary EID focusing on the design and manufacturing of advanced communications systems for naval and military applications.

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