Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 658 target price on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 25.93% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their price objective on shares of Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a research note on Friday, June 26th. Finally, Berenberg Bank reduced their target price on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday. 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 635.
View Our Latest Research Report on CHG
Chemring Group Stock Performance
LON CHG traded up GBX 10.50 during trading hours on Thursday, reaching GBX 522.50. The stock had a trading volume of 33,535,566 shares, compared to its average volume of 4,556,656. The stock has a fifty day moving average of GBX 551.88 and a 200 day moving average of GBX 539.08. The stock has a market cap of £1.41 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. Chemring Group has a 52-week low of GBX 446.52 and a 52-week high of GBX 650.75. The company has a debt-to-equity ratio of 51.32, a quick ratio of 0.70 and a current ratio of 1.38.
Insider Activity at Chemring Group
In related news, insider Sarah Ellard sold 57,597 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 602, for a total value of £346,733.94. Also, insider Michael Ord sold 200,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total transaction of £1,224,000. 1.17% of the stock is owned by insiders.
About Chemring Group
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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