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

Jefferies Financial Group reissued their buy rating on shares of Chemring Group (LON:CHG) in a report released on Friday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 658 target price on the stock.

A number of other equities analysts have also recently issued reports on CHG. Royal Bank Of Canada cut their price objective on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 price objective on shares of Chemring Group in a report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 619.

Chemring Group Stock Performance

LON CHG opened at GBX 592 on Friday. Chemring Group has a 52-week low of GBX 446.52 and a 52-week high of GBX 620. The company has a fifty day moving average of GBX 535.63 and a 200-day moving average of GBX 526.93. The company has a market capitalization of £1.60 billion, a P/E ratio of 48.13, a P/E/G 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.

Chemring Group (LON:CHG) last released its earnings results on Tuesday, June 2nd. The company reported GBX 6.20 EPS for the quarter. Chemring Group had a return on equity of 9.03% and a net margin of 6.77%.The business had revenue of £237.30 million for the quarter. As a group, equities research analysts predict that Chemring Group will post 24.8815166 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chemring Group news, insider Tony Wood purchased 42,000 shares of the stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of GBX 473 per share, with a total value of £198,660. Also, insider Alpna Amar purchased 10,000 shares of the stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of GBX 474 per share, with a total value of £47,400. 1.17% of the stock is owned by company 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.