Jefferies Financial Group Reiterates Buy Rating for Chemring Group (LON:CHG)

Chemring Group (LON:CHG)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 658 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 35.73% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 650 price objective on shares of Chemring Group in a research note on Wednesday, June 3rd. Royal Bank Of Canada lowered their target price on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 619.

Chemring Group Stock Performance

CHG stock opened at GBX 484.80 on Thursday. Chemring Group has a 1-year low of GBX 446.52 and a 1-year high of GBX 614. The business has a 50-day moving average price of GBX 512.79 and a 200 day moving average price of GBX 512.65. The company has a market capitalization of £1.31 billion, a P/E ratio of 39.41, a PEG ratio of 1.99 and a beta of 0.80. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.38 and a quick ratio of 0.70.

Chemring Group (LON:CHG) last issued its earnings results on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share (EPS) for the quarter. The company had revenue of £237.30 million for the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. As a group, equities research analysts forecast that Chemring Group will post 24.8815166 EPS for the current fiscal year.

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.