Chemring Group (LON:CHG) Price Target Raised to GBX 660 at Jefferies Financial Group

Chemring Group (LON:CHG) had its price target raised by analysts at Jefferies Financial Group from GBX 640 to GBX 660 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 25.95% from the stock’s current price.

Several other analysts also recently issued reports on CHG. Berenberg Bank increased their price target on Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a report on Tuesday, November 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 600 target price on shares of Chemring Group in a report on Monday, November 17th. Finally, Panmure Gordon increased their price objective on shares of Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chemring Group presently has a consensus rating of “Buy” and a consensus price target of GBX 616.75.

Chemring Group Price Performance

LON:CHG remained flat at GBX 524 during mid-day trading on Monday. The company’s stock had a trading volume of 11,791,481 shares, compared to its average volume of 2,244,473. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The company has a market cap of £1.41 billion, a PE ratio of 29.94, a P/E/G ratio of 1.99 and a beta of 0.68. The stock’s fifty day moving average price is GBX 493.45 and its two-hundred day moving average price is GBX 532.62. Chemring Group has a 12-month low of GBX 297.50 and a 12-month high of GBX 614.

Chemring Group (LON:CHG) last announced its quarterly earnings data on Tuesday, December 9th. The company reported GBX 19.70 earnings per share for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Sell-side analysts expect that Chemring Group will post 24.8815166 EPS for the current fiscal year.

Insider Transactions at Chemring Group

In related news, insider Sarah Ellard sold 30,971 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of GBX 481, for a total transaction of £148,970.51. Also, insider James Mortensen sold 44,615 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of GBX 534, for a total transaction of £238,244.10. Insiders have sold a total of 297,888 shares of company stock valued at $145,648,723 over the last 90 days. 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.