Chemring Group (LON:CHG) Earns Buy Rating from Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report released on Friday,Digital Look reports. They currently have a GBX 658 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 10.68% from the company’s current price.

CHG has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a research note on Friday, June 26th. Royal Bank Of Canada decreased their target price on 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 619.

Chemring Group Trading Up 1.4%

Shares of CHG opened at GBX 594.50 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 51.32. The firm’s 50-day moving average is GBX 534.32 and its two-hundred day moving average is GBX 526.47. Chemring Group has a twelve month low of GBX 446.52 and a twelve month high of GBX 620. The firm has a market capitalization of £1.61 billion, a P/E ratio of 48.33, a PEG ratio of 1.99 and a beta of 0.80.

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

Insider Transactions at Chemring Group

In other Chemring Group news, insider Alpna Amar purchased 10,000 shares of Chemring Group stock in a transaction on Friday, June 26th. The shares were bought at an average price of GBX 474 per share, with a total value of £47,400. Also, insider Tony Wood purchased 42,000 shares of Chemring Group stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of GBX 473 per share, for a total transaction of £198,660. Insiders own 1.17% 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.