Chemring Group (LON:CHG) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report issued on Thursday, October 15th, Digital Look reports. They presently have a GBX 658 price objective on the stock. Jefferies Financial Group‘s price objective suggests a potential upside of 23.34% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Berenberg Bank reduced their target price on Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed 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 increased their price target on Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 635.

Chemring Group Stock Down 0.8%

Shares of CHG traded down GBX 4.50 during trading hours on Thursday, hitting GBX 533.50. 1,169,416 shares of the company were exchanged, compared to its average volume of 4,309,079. The company has a market cap of £1.44 billion, a PE ratio of 43.37, a PEG ratio of 1.99 and a beta of 0.80. The firm’s 50 day moving average is GBX 541.98 and its 200-day moving average is GBX 539.67. Chemring Group has a 52 week low of GBX 446.52 and a 52 week high of GBX 650.75. The company has a debt-to-equity ratio of 51.32, a quick ratio of 0.70 and a current ratio of 1.38.

Insiders Place Their Bets

In other news, insider Michael Ord sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total value of £1,224,000. Also, insider Sarah Ellard sold 57,597 shares of the firm’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. 1.17% of the stock is owned by 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.