Chemring Group (LON:CHG) Insider Sells 57,597 Shares of Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 57,597 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of GBX 602, for a total value of £346,733.94.

Chemring Group Trading Up 2.1%

Shares of CHG traded up GBX 12.50 during midday trading on Monday, reaching GBX 604.50. The company had a trading volume of 1,109,445 shares, compared to its average volume of 4,609,160. Chemring Group PLC has a 1-year low of GBX 446.52 and a 1-year high of GBX 620. The stock has a market cap of £1.64 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. The firm has a 50 day simple moving average of GBX 535.63 and a 200-day simple moving average of GBX 526.73. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32.

Chemring Group (LON:CHG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share for the quarter. The firm 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%. Research analysts forecast that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 650 target price on shares of Chemring Group in a report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 658 price target on shares of Chemring Group in a research report on Friday. Berenberg Bank upped their price objective on Chemring Group from GBX 590 to GBX 660 and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank Of Canada lowered their price objective on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 617.

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.