Cohort (LON:CHRT) Reaches New 52-Week High - Time to Buy?

Shares of Cohort plc (LON:CHRT - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,120 ($14.24) and last traded at GBX 1,115 ($14.17), with a volume of 107042 shares. The stock had previously closed at GBX 1,100 ($13.98).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Cohort in a research report on Tuesday, September 24th.

Cohort Stock Up 1.4 %

The business has a fifty day moving average of GBX 959.32 and a two-hundred day moving average of GBX 875.09. The company has a market cap of £450.91 million, a price-to-earnings ratio of 2,934.21 and a beta of 0.56. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 36.88.

Cohort Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Thursday, January 9th will be paid a GBX 5.25 ($0.07) dividend. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 9th. Cohort's dividend payout ratio is currently 3,947.37%.

Insiders Place Their Bets

In other Cohort news, insider Simon Walther bought 598 shares of Cohort stock in a transaction on Friday, October 4th. The shares were bought at an average price of GBX 906 ($11.52) per share, for a total transaction of £5,417.88 ($6,887.72). 39.22% of the stock is currently owned by corporate insiders.

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.