Shore Capital Reiterates “Buy” Rating for Chemring Group (LON:CHG)

Chemring Group (LON:CHG)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a report released on Tuesday,Digital Look reports.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 470 ($5.93) price objective on shares of Chemring Group in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Chemring Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.42).

Chemring Group Price Performance

Shares of CHG remained flat at GBX 373.50 ($4.71) during trading hours on Tuesday. The stock had a trading volume of 3,375,689 shares, compared to its average volume of 2,321,892. The stock has a market capitalization of £1.00 billion, a P/E ratio of 457.30, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Chemring Group has a 12 month low of GBX 297.50 ($3.75) and a 12 month high of GBX 428 ($5.40). The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. The business’s fifty day simple moving average is GBX 327.93 and its two-hundred day simple moving average is GBX 357.97.

Chemring Group (LON:CHG) last released its earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share (EPS) for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. Analysts anticipate that Chemring Group will post 24.8815166 EPS for the current year.

Insider Buying and Selling at Chemring Group

In related news, insider James Mortensen purchased 9,125 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 329 ($4.15) per share, with a total value of £30,021.25 ($37,886.48). Corporate insiders own 1.69% of the company’s stock.

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.