Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They presently 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 current price.
CHG has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 target price on shares of Chemring Group in a report on Friday, June 26th. Royal Bank Of Canada lifted 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 dropped their price target on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a research report on Thursday. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Chemring Group currently has an average rating of “Buy” and an average price target of GBX 635.
View Our Latest Stock Report on Chemring Group
Chemring Group Stock Up 2.1%
CHG stock opened at GBX 522.50 on Thursday. The business’s 50-day moving average price is GBX 549.84 and its 200-day moving average price is GBX 539.32. The stock has a market cap of £1.41 billion, a P/E ratio of 42.48, a PEG ratio of 1.99 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. Chemring Group has a twelve month low of GBX 446.52 and a twelve month high of GBX 650.75.
Insider Transactions at Chemring Group
In other news, insider Sarah Ellard sold 57,597 shares of the business’s 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. Also, insider Michael Ord sold 200,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of GBX 612, for a total value of £1,224,000. 1.17% of the stock is 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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