Chemring Group PLC (LON:CHG – Get Rating)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 214 ($2.60) and last traded at GBX 314 ($3.81), with a volume of 506146 shares. The stock had previously closed at GBX 319 ($3.87).
Several brokerages have issued reports on CHG. Berenberg Bank boosted their target price on shares of Chemring Group from GBX 355 ($4.31) to GBX 360 ($4.37) and gave the company a “buy” rating in a research note on Thursday, March 10th. Barclays raised their price objective on Chemring Group from GBX 300 ($3.64) to GBX 360 ($4.37) and gave the stock an “equal weight” rating in a research report on Friday, March 25th.
The business’s 50-day simple moving average is GBX 347.81 and its 200-day simple moving average is GBX 312.74. The company has a current ratio of 1.45, a quick ratio of 0.71 and a debt-to-equity ratio of 7.32. The company has a market cap of £886.33 million and a PE ratio of 19.75.
In related news, insider Andrew Lewis sold 158,899 shares of the firm’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of GBX 323 ($3.92), for a total transaction of £513,243.77 ($622,944.25).
Chemring Group Company Profile (LON:CHG)
Chemring Group PLC supplies countermeasures, sensors, and energetic solutions to aerospace, defense, and security industries in the United States, the United Kingdom, Norway, Australia, and internationally. The company operates through two segments, Sensors & Information and Countermeasures & Energetics.
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