Chemring Group (LON:CHG) Earns Outperform Rating from Royal Bank Of Canada

Chemring Group (LON:CHG)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Monday, Marketbeat reports. They currently have a GBX 600 price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 18.11% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Berenberg Bank upped their price target on shares of Chemring Group from GBX 630 to GBX 670 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Jefferies Financial Group lifted their price objective on Chemring Group from GBX 530 to GBX 640 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chemring Group presently has a consensus rating of “Buy” and a consensus price target of GBX 636.67.

Chemring Group Stock Down 0.6%

Chemring Group stock opened at GBX 508 on Monday. Chemring Group has a twelve month low of GBX 297.50 and a twelve month high of GBX 614. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The firm has a market cap of £1.37 billion, a PE ratio of 32.15, a P/E/G ratio of 1.99 and a beta of 0.68. The firm’s 50 day moving average price is GBX 560.98 and its two-hundred day moving average price is GBX 537.71.

Insider Buying and Selling

In other Chemring Group news, insider Pete Raby bought 6,000 shares of the stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of GBX 544 per share, with a total value of £32,640. 1.17% of the stock is owned by 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.