Chemring Group (LON:CHG) Given Buy Rating at Jefferies Financial Group

Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 658 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 27.03% from the company’s current price.

Several other analysts have also commented on CHG. Royal Bank Of Canada lifted their price objective on Chemring Group from GBX 580 to GBX 680 and gave the stock an “outperform” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 650 price objective on shares of Chemring Group in a research report on Friday, June 26th. Finally, Berenberg Bank lowered their target price on Chemring Group from GBX 660 to GBX 650 and set a “buy” rating on the stock 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 a consensus rating of “Buy” and a consensus target price of GBX 635.

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Chemring Group Price Performance

LON CHG opened at GBX 518 on Thursday. The business’s fifty day moving average price is GBX 551.88 and its 200-day moving average price is GBX 539.08. The stock has a market capitalization of £1.40 billion, a price-to-earnings ratio of 42.11, a PEG 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. Chemring Group has a 1-year low of GBX 446.52 and a 1-year high of GBX 650.75.

Insider Buying and Selling

In other news, insider Sarah Ellard sold 57,597 shares of Chemring Group stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 602, for a total transaction of £346,733.94. Also, insider Michael Ord sold 200,000 shares of Chemring Group 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 currently owned by corporate insiders.

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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