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

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

A number of other research analysts have also issued reports on CHG. Royal Bank Of Canada upped their price target on shares of Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a research note on Monday, August 10th. Berenberg Bank lowered their price objective on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 650 price objective on shares of Chemring Group in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 635.

Chemring Group Price Performance

LON CHG opened at GBX 539.50 on Thursday. The firm’s fifty day simple moving average is GBX 548.09 and its two-hundred day simple moving average is GBX 539.33. The firm has a market capitalization of £1.46 billion, a P/E ratio of 43.86, a P/E/G ratio of 1.99 and a beta of 0.80. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 51.32. Chemring Group has a 12-month low of GBX 446.52 and a 12-month high of GBX 650.75.

Insider Activity

In related news, insider Sarah Ellard sold 57,597 shares of the firm’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. Also, insider Michael Ord sold 200,000 shares of Chemring Group stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of GBX 612, for a total value of £1,224,000. 1.17% of the stock is currently 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.