James Mortensen Sells 18,816 Shares of Chemring Group (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider James Mortensen sold 18,816 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of GBX 481, for a total value of £90,504.96.

Chemring Group Price Performance

Chemring Group stock opened at GBX 475.50 on Thursday. The firm has a market cap of £1.28 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The stock’s fifty day moving average price is GBX 522.31 and its two-hundred day moving average price is GBX 543.71. Chemring Group PLC has a one year low of GBX 297.50 and a one year high of GBX 614.

Chemring Group (LON:CHG) last released its earnings results on Tuesday, December 9th. The company reported GBX 19.70 earnings per share (EPS) for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. As a group, research analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CHG shares. Panmure Gordon increased their price objective on shares of Chemring Group from GBX 480 to GBX 537 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Jefferies Financial Group increased their price target on shares of Chemring Group from GBX 530 to GBX 640 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Berenberg Bank boosted their price objective on shares of Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 600 target price on shares of Chemring Group in a research note on Monday, November 17th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 611.75.

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.