Cohort plc Insider Simon Walther Acquires £1,795.50 in Shares

A recent transaction revealed that insider Simon Walther of Cohort plc (LON:CHRT) purchased 189 shares of the company on October 15, 2023. The acquisition took place at an average price of GBX 950 per share, amounting to a total investment of £1,795.50. This purchase reflects Walther’s confidence in the company’s future performance.

Cohort plc, a UK-based defense contractor, has shown a mixed performance in the stock market. On October 13, the stock opened at GBX 1,241.63. The company’s market capitalization stands at £566.56 million, with a price-to-earnings (P/E) ratio of 2,805.95 and a beta of 0.56. Over the past year, the share price has fluctuated, reaching a low of GBX 860 and a high of GBX 1,796.

In terms of financial stability, Cohort plc has a current ratio of 1.55, indicating good short-term financial health. The quick ratio stands at 0.93, and the company has a debt-to-equity ratio of 37.28, suggesting a conservative approach to leveraging.

Analyst opinions on Cohort plc remain optimistic. Shore Capital recently reaffirmed a “buy” rating for the company, setting a price target of GBX 1,630. According to data from MarketBeat.com, Cohort plc holds an average rating of “Buy” among analysts, with the same price target of GBX 1,630 reflecting a positive outlook for the stock.

About Cohort plc

Cohort plc is the parent company of several businesses operating in the UK, Australia, Germany, and Portugal. The company provides various services and products primarily for defense and related markets. It operates through two main segments: Communications and Intelligence, with EID focusing on designing and manufacturing advanced communications systems for naval and military clients.

As the defense industry evolves, Cohort plc’s innovative approach positions it to meet the demands of both domestic and export customers. Investors and stakeholders will be closely monitoring the company’s performance in the coming months, particularly in light of recent insider trading activities and analyst ratings.

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