Cohort plc Announces Block Listing Application for 1.8 Million Shares

An update from Cohort plc ( (GB:CHRT) ) is now available.

Cohort plc has applied to the London Stock Exchange for the admission of 1,825,000 ordinary shares to be traded on AIM, with the expected admission date of 14 May 2025. These shares are reserved under a block listing and will be issued under the Company’s Share Option Plan and the Savings Related Share Option Scheme. This move is likely to enhance Cohort’s financial flexibility and support its growth strategy, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (GB:CHRT) stock is a Buy with a £1570.00 price target. To see the full list of analyst forecasts on Cohort plc stock, see the GB:CHRT Stock Forecast page.

Spark’s Take on GB:CHRT Stock

According to Spark, TipRanks’ AI Analyst, GB:CHRT is a Outperform.

Cohort plc demonstrates robust financial health and strategic positioning within the aerospace and defense sector, supported by significant contract wins and management confidence. However, the stock’s fair valuation and potential overbought technical indicators suggest a need for cautious optimism.

To see Spark’s full report on GB:CHRT stock, click here.

More about Cohort plc

Cohort plc is a parent company comprising seven innovative businesses based in the UK, Australia, Germany, and Portugal. It provides a wide range of services and products for domestic and export customers in the defence and related markets. The company operates in two segments: Communications and Intelligence, and Sensors and Effectors, with a focus on advanced communications systems, satellite communications, electronic warfare, surveillance technology, sonar systems, and naval defence products.

Average Trading Volume: 177,424

Technical Sentiment Signal: Buy

Current Market Cap: £660.2M

For detailed information about CHRT stock, go to TipRanks’ Stock Analysis page.