Chemring Group (LON:CHG) Stock Keeps Buy Rating at Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 658 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 21.96% from the company’s current price.

Several other research analysts also recently commented on the stock. Berenberg Bank cut their price objective on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 target price on shares of Chemring Group in a report on Friday, June 26th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 635.

Chemring Group Price Performance

CHG opened at GBX 539.50 on Thursday. The company has a market capitalization of £1.46 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 1.99 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. The firm has a 50-day moving average price of GBX 548.09 and a 200-day moving average price of GBX 539.33. Chemring Group has a twelve month low of GBX 446.52 and a twelve month high of GBX 650.75.

Insider Buying and Selling at Chemring Group

In other Chemring Group news, insider Sarah Ellard sold 57,597 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were 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 business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 612, for a total transaction of £1,224,000. 1.17% of the stock is owned by company insiders.

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.