Chemring Group (LON:CHG) Given “Buy” Rating at Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating restated by Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 658 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 21.96% from the company’s current price.

Several other equities research analysts have also commented on CHG. Berenberg Bank cut their price target on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada increased their price objective 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, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 650 target price on shares of Chemring Group in a research report on Friday, June 26th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 635.

Chemring Group Price Performance

Shares of LON:CHG traded up GBX 19.50 during midday trading on Thursday, reaching GBX 539.50. 1,138,511 shares of the company’s stock traded hands, compared to its average volume of 4,376,629. Chemring Group has a 1 year low of GBX 446.52 and a 1 year high of GBX 650.75. The company has a market cap of £1.46 billion, a P/E ratio of 43.86, a PEG ratio of 1.99 and a beta of 0.80. The company has a debt-to-equity ratio of 51.32, a quick ratio of 0.70 and a current ratio of 1.38. The company has a fifty day simple moving average of GBX 548.09 and a two-hundred day simple moving average of GBX 539.69.

Insider Activity at Chemring Group

In other news, insider Sarah Ellard sold 57,597 shares of the firm’s stock in a transaction that occurred on 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 firm’s stock in a transaction that occurred on 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 currently owned by insiders.

Chemring Group Company Profile

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.