Chemring Group (LON:CHG) Insider Tony Wood Acquires 42,000 Shares

Chemring Group PLC (LON:CHG) insider Tony Wood acquired 42,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of GBX 473 per share, with a total value of £198,660.

Chemring Group Price Performance

Shares of LON:CHG traded up GBX 4 during trading on Friday, hitting GBX 485. 721,246 shares of the company’s stock were exchanged, compared to its average volume of 4,300,100. The business’s 50-day simple moving average is GBX 511.20 and its 200 day simple moving average is GBX 512.67. The company has a market cap of £1.31 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 1.99 and a beta of 0.80. Chemring Group PLC has a 52-week low of GBX 446.52 and a 52-week high of GBX 614. 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 posted its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share for the quarter. Chemring Group had a return on equity of 9.03% and a net margin of 6.77%.The business had revenue of £237.30 million during the quarter. As a group, equities analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 650 target price on shares of Chemring Group in a research note on Friday. Royal Bank Of Canada dropped their price objective on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 658 price objective on shares of Chemring Group in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chemring Group currently has an average rating of “Buy” and a consensus target price of GBX 619.

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.