Chemring Group (LON:CHG) Insider Purchases £32,640 in Stock

Chemring Group PLC (LON:CHG) insider Pete Raby bought 6,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were acquired at an average price of GBX 544 per share, for a total transaction of £32,640.

Chemring Group Stock Performance

Chemring Group stock opened at GBX 564.52 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. Chemring Group PLC has a 1 year low of GBX 297.50 and a 1 year high of GBX 604. The company has a market cap of £1.52 billion, a PE ratio of 3,572.91, a PEG ratio of 1.99 and a beta of 0.68. The company’s 50-day moving average is GBX 545.68 and its two-hundred day moving average is GBX 476.34.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 670 target price on shares of Chemring Group in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chemring Group presently has a consensus rating of “Buy” and a consensus price target of GBX 570.

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.