Cohort plc (LON:CHRT – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 776.30 ($10.25) and traded as high as GBX 826.30 ($10.92). Cohort shares last traded at GBX 816 ($10.78), with a volume of 130,555 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a “buy” rating on shares of Cohort in a research note on Monday, July 15th.
Check Out Our Latest Stock Report on Cohort
Cohort Stock Up 1.2 %
Cohort Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Thursday, August 22nd will be issued a GBX 10.10 ($0.13) dividend. The ex-dividend date is Thursday, August 22nd. This is an increase from Cohort’s previous dividend of $4.70. This represents a yield of 1.22%. Cohort’s payout ratio is 3,947.37%.
Insiders Place Their Bets
In related news, insider Simon Walther sold 1,359 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 836 ($11.04), for a total transaction of £11,361.24 ($15,008.24). In other news, insider Andrew Stephen Thomis sold 19,224 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of GBX 808 ($10.67), for a total transaction of £155,329.92 ($205,191.44). Also, insider Simon Walther sold 1,359 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 836 ($11.04), for a total value of £11,361.24 ($15,008.24). 39.27% of the stock is currently owned by insiders.
Cohort Company Profile
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.
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