Chemring Group (LON:CHG) Insider Sells £346,733.94 in Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 57,597 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of GBX 602, for a total transaction of £346,733.94.

Chemring Group Stock Up 2.7%

Shares of CHG opened at GBX 630 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 company has a 50-day simple moving average of GBX 541.08 and a 200-day simple moving average of GBX 528.24. Chemring Group PLC has a 52 week low of GBX 446.52 and a 52 week high of GBX 643.50. The firm has a market capitalization of £1.70 billion, a P/E ratio of 51.22, a P/E/G ratio of 1.99 and a beta of 0.80.

Chemring Group (LON:CHG) last released its earnings results on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share 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. On average, equities research analysts expect that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHG shares. Berenberg Bank boosted their price objective on Chemring Group from GBX 590 to GBX 660 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 658 target price on shares of Chemring Group in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 650 price target on shares of Chemring Group in a research note on Friday, June 26th. Finally, Royal Bank Of Canada lowered their price target on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 617.

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.