The stock of Cohort PLC (LON:CHRT) hit a new 52-week high and has GBX 449.28 target or 8.00% above today’s GBX 416.00 share price. The 5 months bullish chart indicates low risk for the GBX 171.88M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 449.28 price target is reached, the company will be worth GBX 13.75 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.48% or GBX 2 on November 23, hitting GBX 416. About 141,696 shares traded hands or 261.52% up from the average. Cohort PLC (LON:CHRT) has risen 6.29% since April 25, 2016 and is uptrending. It has outperformed by 0.96% the S&P500.
Cohort PLC (LON:CHRT) Ratings Coverage
Out of 3 analysts covering Cohort PLC (LON:CHRT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 420 is the highest target while GBX 420 is the lowest. The GBX 420 average target is 0.96% above today’s (GBX 416) stock price. Cohort PLC has been the topic of 4 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Investec maintained Cohort PLC (LON:CHRT) rating on Thursday, August 13. Investec has “Buy” rating and GBX 420 price target. The stock has “Buy” rating given by Panmure Gordon on Thursday, September 10. The firm earned “Buy” rating on Tuesday, October 25 by Canaccord Genuity. On Thursday, October 6 the stock rating was maintained by Canaccord Genuity with “Buy”.
More recent Cohort PLC (LON:CHRT) news were published by: Fool.Co.Uk which released: “Should You Buy Fast-Growing Cohort PLC Instead Of Meggitt plc Or Cobham plc?” on August 05, 2015. Also Fool.Co.Uk published the news titled: “Are Unilever plc, RPC Group plc & Cohort PLC Set To Soar?” on November 25, 2015. Fool.Co.Uk‘s news article titled: “Should you buy, sell or hold Ocado Group plc, Carpetright plc and Cohort plc …” with publication date: June 28, 2016 was also an interesting one.
Cohort plc is a holding company. The Company’s divisions include MASS, MCL, SCS and SEA. The company has a market cap of 171.88 million GBP. The Company’s subsidiaries include Systems Consultants Services Limited and SEA (Group) Ltd. (SEA). It has a 22.09 P/E ratio. The Company’s sub-subsidiaries include MASS Consultants Limited (MASS) and Marlborough Communications Limited (MCL).
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