Chemring Group (LON:CHG – Get Free Report) had its price objective increased by research analysts at Berenberg Bank from GBX 630 to GBX 670 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 28.35% from the stock’s previous close.
Chemring Group Stock Down 0.4%
LON:CHG opened at GBX 522 on Tuesday. The company has a market cap of £1.40 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Chemring Group has a twelve month low of GBX 297.50 and a twelve month high of GBX 614. 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 stock has a fifty day simple moving average of GBX 563.42 and a 200-day simple moving average of GBX 533.61.
Insider Transactions at Chemring Group
In related news, insider Pete Raby bought 6,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were acquired at an average cost of GBX 544 per share, for a total transaction of £32,640. 1.17% of the stock is currently owned by company insiders.
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.
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