Chemring Group (LON:CHG) Insider Sells £238,244.10 in Stock

Chemring Group PLC (LON:CHG) insider James Mortensen sold 44,615 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of GBX 534, for a total transaction of £238,244.10.

James Mortensen also recently made the following trade(s):

• On Monday, December 15th, James Mortensen sold 18,816 shares of Chemring Group stock. The stock was sold at an average price of GBX 481, for a total transaction of £90,504.96.

Chemring Group Stock Down 1.9%

CHG stock opened at GBX 516 on Thursday. The company has a 50 day moving average price of GBX 494.29 and a two-hundred day moving average price of GBX 532.01. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The stock has a market capitalization of £1.39 billion, a P/E ratio of 29.49, a PEG ratio of 1.99 and a beta of 0.68. 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 EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. As a group, sell-side analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current year.

Analyst Ratings Changes

CHG has been the subject of several research analyst reports. Berenberg Bank upped their price target on shares of Chemring Group from GBX 630 to GBX 670 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Panmure Gordon boosted their price objective on shares of Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Jefferies Financial Group increased their target price on Chemring Group from GBX 640 to GBX 660 and gave the stock a “buy” rating in a research report on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 target price on shares of Chemring Group in a report on Monday, November 17th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 616.75.

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.