Chemring Group’s (CHG) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,Digital Look reports. They currently have a GBX 650 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 35.98% from the company’s current price.

Several other analysts also recently commented on CHG. Jefferies Financial Group restated a “buy” rating and set a GBX 658 target price on shares of Chemring Group in a report on Thursday. Royal Bank Of Canada lowered their price objective on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chemring Group currently has a consensus rating of “Buy” and an average price target of GBX 619.

Get Chemring Group alerts:

Check Out Our Latest Analysis on CHG

Chemring Group Trading Down 0.6%

Shares of Chemring Group stock traded down GBX 3 during trading hours on Friday, hitting GBX 478. The company’s stock had a trading volume of 547,508 shares, compared to its average volume of 4,298,676. The company has a market capitalization of £1.29 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.38 and a quick ratio of 0.70. The stock has a 50 day moving average of GBX 511.20 and a 200 day moving average of GBX 512.67. Chemring Group has a 12 month low of GBX 446.52 and a 12 month high of GBX 614.

Chemring Group (LON:CHG – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share for the quarter. Chemring Group had a return on equity of 9.03% and a net margin of 6.77%.The business had revenue of £237.30 million for the quarter. Analysts predict that Chemring Group will post 24.8815166 earnings per share for the current year.

Chemring Group Company Profile

(Get Free Report)

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers’ complex needs.

Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today’s increasingly unstable world.

We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success.

Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.

Featured Articles

• Five stocks we like better than Chemring Group
• Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
• Xcel Energy Stock Offers Stability as Electricity Demand Builds
• Data Center Delays Create Opportunity in These 3 Stocks
• Uncle Sam Plugs In: Nuclear Energy’s Cash Flow Moment Is Finally Here

Receive News & Ratings for Chemring Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemring Group and related companies with MarketBeat.com's FREE daily email newsletter.