Chemring Group (LON:CHG) Stock Keeps “Buy” Rating at Jefferies Financial Group

Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 658 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 25.93% from the company’s current price.

Several other brokerages have also weighed in on CHG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 650 target price on shares of Chemring Group in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price target on shares of Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Berenberg Bank reduced their price target 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 investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 635.

Get Our Latest Report on Chemring Group

Chemring Group Stock Performance

Shares of LON CHG traded up GBX 10.50 during mid-day trading on Thursday, hitting GBX 522.50. The company had a trading volume of 6,486,694 shares, compared to its average volume of 4,421,412. The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 42.48, a PEG 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. The firm’s 50 day simple moving average is GBX 551.88 and its two-hundred day simple moving average is GBX 539.08.

Insider Activity at Chemring Group

In other news, insider Sarah Ellard sold 57,597 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was 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 the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total value of £1,224,000. 1.17% of the stock is currently owned by company insiders.

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.

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Analyst Recommendations for Chemring Group (LON:CHG)

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