Chemring Group (LON:CHG) Price Target Raised to GBX 680

Chemring Group (LON:CHGFree Report) had its price target lifted by Royal Bank Of Canada from GBX 580 to GBX 680 in a research report sent to investors on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently commented on CHG. Berenberg Bank increased their target price on Chemring Group from GBX 590 to GBX 660 and gave the company a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 658 price target on shares of Chemring Group in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chemring Group presently has an average rating of “Buy” and an average target price of GBX 637.

View Our Latest Research Report on CHG

Chemring Group Stock Down 0.8%

CHG stock opened at GBX 631.50 on Monday. The company’s 50 day simple moving average is GBX 552.04 and its 200-day simple moving average is GBX 531.74. The firm has a market capitalization of £1.71 billion, a PE ratio of 51.34, a P/E/G ratio of 1.99 and a beta of 0.80. Chemring Group has a 12 month low of GBX 446.52 and a 12 month high of GBX 650.75. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.38 and a quick ratio of 0.70.

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

Insider Activity

In other news, insider Tony Wood acquired 42,000 shares of Chemring Group stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of GBX 473 per share, with a total value of £198,660. Also, insider Sarah Ellard sold 57,597 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of GBX 602, for a total transaction of £346,733.94. Insiders own 1.27% of the company’s stock.

About Chemring Group

(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.

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