Chemring Group (LON:CHG) Earns Buy Rating from Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 658 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 24.50% from the company’s current price.

Several other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 650 price target on shares of Chemring Group in a research note on Friday, June 26th. Royal Bank Of Canada lifted their price objective on Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Berenberg Bank decreased their price objective on Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 635.

Chemring Group Trading Up 1.6%

Shares of LON CHG opened at GBX 528.50 on Thursday. Chemring Group has a twelve month low of GBX 446.52 and a twelve month high of GBX 650.75. The firm has a market cap of £1.43 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. The business has a fifty day simple moving average of GBX 549.84 and a two-hundred day simple moving average of GBX 539.32. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32.

Insider Activity at Chemring Group

In other news, insider Michael Ord sold 200,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 Chemring Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of GBX 602, for a total transaction of £346,733.94. 1.17% of the stock is currently owned by corporate 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.