Chemring Group PLC (LON:CHG – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 533.80 and traded as high as GBX 632.50. Chemring Group shares last traded at GBX 618.50, with a volume of 588,290 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Berenberg Bank upped their price objective on shares of Chemring Group from GBX 590 to GBX 660 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 658 target price on shares of Chemring Group in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 650 target price on shares of Chemring Group in a research note on Friday, June 26th. Finally, Royal Bank Of Canada upped their price target on shares of Chemring Group from GBX 580 to GBX 680 and gave the stock an “outperform” rating in a report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Chemring Group currently has a consensus rating of “Buy” and a consensus price target of GBX 637.
Get Our Latest Stock Analysis on Chemring Group
Chemring Group Trading Down 2.1%
Chemring Group (LON:CHG – Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 EPS for the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. The company had revenue of £237.30 million for the quarter. Equities research analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.
Insider Activity
In other Chemring Group news, insider Michael Ord sold 200,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total transaction of £1,224,000. Also, insider Sarah Ellard sold 57,597 shares of Chemring Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of GBX 602, for a total value of £346,733.94. Company insiders own 1.27% of the company’s stock.
Chemring Group Company Profile
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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