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

Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 658 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 21.96% from the stock’s previous close.

Other analysts have also issued reports about the stock. Royal Bank Of Canada lifted their target price on shares of Chemring Group from GBX 580 to GBX 680 and gave the company an “outperform” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 650 price target on shares of Chemring Group in a research report on Friday, June 26th. Finally, Berenberg Bank dropped 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. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Chemring Group presently has a consensus rating of “Buy” and an average price target of GBX 635.

Chemring Group Stock Performance

LON:CHG traded up GBX 19.50 during mid-day trading on Thursday, hitting GBX 539.50. 1,138,511 shares of the company’s stock traded hands, compared to its average volume of 4,376,629. The firm has a market capitalization of £1.46 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. Chemring Group has a 12 month low of GBX 446.52 and a 12 month high of GBX 650.75. The firm has a 50 day moving average of GBX 549.84 and a two-hundred day moving average of GBX 539.32. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 51.32.

Insider Transactions at Chemring Group

In related news, insider Sarah Ellard sold 57,597 shares of Chemring Group stock in a transaction dated Monday, August 3rd. The stock was 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 that occurred on Tuesday, August 4th. The stock was sold at an average price of GBX 612, for a total transaction of £1,224,000. Insiders own 1.17% of the company’s stock.

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.