Chemring Group (LON:CHG) Price Target Raised to GBX 670 at Berenberg Bank

Chemring Group (LON:CHG) had its target price increased by Berenberg Bank from GBX 630 to GBX 670 in a report released on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Chemring Group Price Performance

Shares of LON:CHG opened at GBX 527 on Tuesday. Chemring Group has a twelve month low of GBX 297.50 and a twelve month high of GBX 614. The stock’s 50 day moving average is GBX 563.84 and its 200-day moving average is GBX 533.69. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42. The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.99 and a beta of 0.68.

Insiders Place Their Bets

In other Chemring Group news, insider Pete Raby acquired 6,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of GBX 544 per share, with a total value of £32,640. Insiders own 1.17% of the company’s stock.

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.