Chemring Group’s (CHG) Buy Rating Reiterated at Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 658 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 23.57% from the stock’s previous close.

A number of other research firms have also recently weighed in on CHG. Berenberg Bank reduced their price objective on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada lifted their target price on shares of Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a research 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 MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 635.

Chemring Group Price Performance

Chemring Group stock traded down GBX 7 during trading on Thursday, reaching GBX 532.50. The company had a trading volume of 654,522 shares, compared to its average volume of 4,358,203. The firm’s 50-day simple moving average is GBX 545.98 and its 200 day simple moving average is GBX 539.88. Chemring Group has a 1-year low of GBX 446.52 and a 1-year high of GBX 650.75. The firm has a market capitalization of £1.44 billion, a PE ratio of 43.29, a price-to-earnings-growth 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.

Insider Buying and Selling

In related news, insider Sarah Ellard sold 57,597 shares of the business’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 transaction of £346,733.94. Also, insider Michael Ord sold 200,000 shares of the stock in a transaction 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 owned by corporate 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.