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

Chemring Group (LON:CHG)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 658 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 21.96% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank lowered their price objective on Chemring Group from GBX 660 to GBX 650 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 650 target price on shares of Chemring Group in a research report on Friday, June 26th. Finally, Royal Bank Of Canada upped their price target on shares of Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 635.

Chemring Group Stock Performance

Shares of CHG stock traded up GBX 19.50 on Thursday, hitting GBX 539.50. 1,138,511 shares of the stock were exchanged, compared to its average volume of 4,376,629. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 51.32. The firm has a market capitalization of £1.46 billion, a PE ratio of 43.86, a P/E/G ratio of 1.99 and a beta of 0.80. Chemring Group has a one year low of GBX 446.52 and a one year high of GBX 650.75. The firm’s 50 day moving average is GBX 548.09 and its two-hundred day moving average is GBX 539.33.

Insider Transactions at Chemring Group

In other Chemring Group news, insider Michael Ord sold 200,000 shares of Chemring Group 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. Also, insider Sarah Ellard sold 57,597 shares of the company’s 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. 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.