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

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

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

Chemring Group Trading Down 1.3%

CHG stock traded down GBX 7 during midday trading on Thursday, hitting GBX 532.50. The stock had a trading volume of 654,522 shares, compared to its average volume of 4,358,203. The firm has a market cap 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 current ratio of 1.38 and a quick ratio of 0.70. Chemring Group has a 12-month low of GBX 446.52 and a 12-month high of GBX 650.75. The company’s 50-day moving average price is GBX 548.09 and its 200 day moving average price is GBX 539.69.

Insider Transactions at Chemring Group

In related 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 company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total value of £1,224,000. Company insiders own 1.17% of the company’s stock.

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.