Chemring Group (LON:CHG) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Chemring Group (LON:CHG) in a report issued on Friday,Digital Look reports. They currently have a GBX 600 price target on the stock.

Separately, Jefferies Financial Group lifted their price target on shares of Chemring Group from GBX 640 to GBX 660 and gave the stock a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 616.75.

Chemring Group Trading Down 0.2%

LON:CHG opened at GBX 559.50 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 40.39. The stock has a market capitalization of £1.50 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. The firm’s 50 day moving average is GBX 528.72 and its 200 day moving average is GBX 523.09. Chemring Group has a 12 month low of GBX 375 and a 12 month high of GBX 614.

Insiders Place Their Bets

In related news, insider James Mortensen sold 44,615 shares of Chemring Group stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of GBX 534, for a total value of £238,244.10. Corporate insiders own 1.17% of the company’s stock.

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.