Chemring Group (LON:CHG) Insider Pete Raby Acquires 6,000 Shares of Stock

Chemring Group PLC (LON:CHG) insider Pete Raby purchased 6,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of GBX 468 per share, for a total transaction of £28,080.

Chemring Group Stock Performance

Shares of CHG opened at GBX 472.50 on Thursday. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The firm has a 50-day moving average of GBX 533.29 and a 200-day moving average of GBX 543.47. The company has a market cap of £1.27 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Chemring Group PLC has a one year low of GBX 297.50 and a one year high of GBX 614.

Chemring Group (LON:CHG) last posted its quarterly earnings results on Tuesday, December 9th. The company reported GBX 19.70 EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. As a group, equities analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 600 target price on shares of Chemring Group in a report on Monday, November 17th. Berenberg Bank upped their target price on Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Jefferies Financial Group increased their target price on Chemring Group from GBX 530 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Panmure Gordon boosted their price target on Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 611.75.

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.