Cohort plc’s (LON:CHRT) 31% Price Boost Is Out Of Tune With Earnings
The Cohort plc (LON:CHRT) share price has done very well over the last month, posting an excellent gain of 31%. Looking back a bit further, it’s encouraging to see the stock is up 79% in the last year.
Since its price has surged higher, given close to half the companies in the United Kingdom have price-to-earnings ratios (or “P/E’s”) below 16x, you may consider Cohort as a stock to avoid entirely with its 33.9x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
We’ve discovered 1 warning sign about Cohort. View them for free.
With earnings growth that’s superior to most other companies of late, Cohort has been doing relatively well. The P/E is…
