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

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

A number of other brokerages have also issued reports on CHG. Berenberg Bank dropped their price target on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada raised their price objective 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 restated a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a research report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 635.

Chemring Group Stock Performance

Shares of CHG opened at GBX 539.50 on Thursday. 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 stock has a market capitalization of £1.46 billion, a P/E ratio of 43.86, a P/E/G ratio of 1.99 and a beta of 0.80. The company’s fifty day moving average is GBX 548.09 and its two-hundred day moving average is GBX 539.33. Chemring Group has a 1 year low of GBX 446.52 and a 1 year high of GBX 650.75.

Insiders Place Their Bets

In other news, insider Sarah Ellard sold 57,597 shares of the stock in a transaction dated Monday, August 3rd. The shares were 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 business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total transaction 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.