Jefferies initiates coverage of Cohort at 'hold'
By Michele Maatouk
Date: Monday 18 May 2026
(Sharecast News) - Jefferies initiated coverage of AIM-listed Cohort on Monday with a 'hold' recommendation and a 1,290p price target, which implies around 11% upside.
The bank said Cohort offers differentiated exposure to longer‑cycle marine and land defence programmes through a portfolio of niche technology businesses, and has delivered sector-leading top-line growth since FY21, aided by M&A.
"The current valuation, however, provides limited leeway for EBITA margin disappointment which is the key negative risk we highlight," it said.
At 1427 BST, the shares were down 3% at 1,090p.
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