Chemring Group (LON:CHG) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 658 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 23.57% from the stock’s current price.

CHG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 650 price objective on shares of Chemring Group in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on Chemring Group from GBX 580 to GBX 680 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Berenberg Bank reduced their target price on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Chemring Group currently has a consensus rating of “Buy” and a consensus target price of GBX 635.

Chemring Group Stock Down 1.3%

Shares of Chemring Group stock traded down GBX 7 on Thursday, hitting GBX 532.50. 654,522 shares of the company’s stock traded hands, compared to its average volume of 4,358,203. The stock has a market cap of £1.44 billion, a P/E ratio of 43.29, a PEG ratio of 1.99 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. Chemring Group has a 52-week low of GBX 446.52 and a 52-week high of GBX 650.75. The firm’s 50-day moving average is GBX 548.09 and its 200 day moving average is GBX 539.69.

Insiders Place Their Bets

In related news, insider Sarah Ellard sold 57,597 shares of Chemring Group stock in a transaction 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 business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of GBX 612, for a total value of £1,224,000. Corporate insiders own 1.17% of the company’s stock.

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.