Chemring Group (LON:CHG) Given New GBX 680 Price Target at Royal Bank Of Canada

Chemring Group (LON:CHG) had its target price lifted by equities research analysts at Royal Bank Of Canada from GBX 580 to GBX 680 in a report issued on Monday,London Stock Exchange reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 5.67% from the company’s current price.

A number of other analysts also recently weighed in on CHG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a report on Friday, June 26th. Berenberg Bank raised their price objective on Chemring Group from GBX 590 to GBX 660 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 658 target price on shares of Chemring Group in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 637.

Chemring Group Trading Up 2.6%

Shares of CHG stock opened at GBX 643.50 on Monday. Chemring Group has a twelve month low of GBX 446.52 and a twelve month high of GBX 644.50. The stock’s fifty day simple moving average is GBX 544.12 and its 200 day simple moving average is GBX 529.41. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. The firm has a market capitalization of £1.74 billion, a P/E ratio of 52.32, a P/E/G ratio of 1.99 and a beta of 0.80.

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

Insiders Place Their Bets

In other news, insider Sarah Ellard sold 57,597 shares of Chemring Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of GBX 602, for a total value of £346,733.94. Also, 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, for a total transaction of £198,660. Company insiders own 1.27% of the company’s stock.

Chemring Group Company Profile

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.