Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 658 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 25.93% from the stock’s current price.
Several other analysts have also weighed in on CHG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 price objective on shares of Chemring Group in a report on Friday, June 26th. Berenberg Bank cut their price objective on Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank Of Canada increased their price target on Chemring Group from GBX 580 to GBX 680 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 635.
Get Our Latest Stock Analysis on Chemring Group
Chemring Group Stock Performance
Chemring Group stock traded up GBX 10.50 during trading hours on Thursday, hitting GBX 522.50. The stock had a trading volume of 33,535,566 shares, compared to its average volume of 4,556,656. The company has a 50-day moving average of GBX 551.88 and a two-hundred day moving average of GBX 539.08. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. The company has a market cap of £1.41 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. Chemring Group has a fifty-two week low of GBX 446.52 and a fifty-two week high of GBX 650.75.
Insider Buying and Selling at Chemring Group
In other news, insider Michael Ord sold 200,000 shares of the business’s 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. Also, insider Sarah Ellard sold 57,597 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of GBX 602, for a total value of £346,733.94. 1.17% of the stock is currently owned by company 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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