Insider Buying: Chemring Group (LON:CHG) Insider Buys £47,400 in Stock

Chemring Group PLC (LON:CHG) insider Alpna Amar purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of GBX 474 per share, for a total transaction of £47,400.

Chemring Group Price Performance

LON CHG traded up GBX 4 during mid-day trading on Friday, hitting GBX 485. The stock had a trading volume of 721,246 shares, compared to its average volume of 4,300,100. The company has a 50 day simple moving average of GBX 511.20 and a 200 day simple moving average of GBX 512.67. The company has a market cap of £1.31 billion, a price-to-earnings ratio of 39.43, a P/E/G 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 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 posted its earnings results on Tuesday, June 2nd. The company reported GBX 6.20 EPS for the quarter. The company had revenue of £237.30 million for the quarter. Chemring Group had a return on equity of 9.03% and a net margin of 6.77%. Equities analysts forecast that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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