Cohort plc (LON:CHRT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 1,110 ($14.16) and last traded at GBX 1,070.12 ($13.65), with a volume of 971367 shares. The stock had previously closed at GBX 1,020 ($13.01).
The newly announced dividend which will be paid on Tuesday, February 18th. Shareholders of record on Thursday, January 9th will be issued a GBX 5.25 ($0.07) dividend. This represents a yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 9th. Cohort’s dividend payout ratio is presently 3,947.37%.
Analysts Set New Price Targets
Separately, Shore Capital reissued a “buy” rating on shares of Cohort in a report on Tuesday, September 24th.
Cohort Stock Performance
The company has a debt-to-equity ratio of 36.88, a current ratio of 1.55 and a quick ratio of 0.93. The firm has a market cap of £436.75 million, a price-to-earnings ratio of 2,842.11 and a beta of 0.56. The firm has a fifty day simple moving average of GBX 943.92 and a two-hundred day simple moving average of GBX 867.77.
Insider Buying and Selling
In other news, insider Simon Walther bought 598 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average price of GBX 906 ($11.56) per share, with a total value of £5,417.88 ($6,911.44). Corporate insiders own 39.22% of the company’s stock.
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.
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