Chemring Group (LON:CHG) Insider Alpna Amar Purchases 10,000 Shares of Stock

Chemring Group PLC (LON:CHG) insider Alpna Amar purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average cost of GBX 474 per share, with a total value of £47,400.

Chemring Group Stock Performance

LON:CHG traded up GBX 4 during midday trading on Friday, reaching GBX 485. The stock had a trading volume of 721,246 shares, compared to its average volume of 4,300,100. 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 stock has a market cap of £1.31 billion, a P/E ratio of 39.43, a P/E/G ratio of 1.99 and a beta of 0.80. The firm has a fifty day simple moving average of GBX 511.20 and a two-hundred day simple moving average of GBX 512.67. Chemring Group PLC has a 12-month low of GBX 446.52 and a 12-month high of GBX 614.

Chemring Group (LON:CHG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 EPS for the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. The company had revenue of £237.30 million during the quarter. On average, equities analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current year.

Wall Street Analysts Forecast Growth

CHG has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 658 price objective on shares of Chemring Group in a research report on Thursday. Royal Bank Of Canada cut their target price on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 price target on shares of Chemring Group in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chemring Group has a consensus rating of “Buy” and an average target price of GBX 619.

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.