Chemring Group (LON:CHG) Insider James Mortensen Sells 18,816 Shares

Chemring Group PLC (LON:CHG) insider James Mortensen sold 18,816 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of GBX 481, for a total value of £90,504.96.

Chemring Group Stock Performance

CHG stock opened at GBX 469.50 on Tuesday. Chemring Group PLC has a 1 year low of GBX 297.50 and a 1 year high of GBX 614. The stock has a market capitalization of £1.26 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.99 and a beta of 0.68. 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 stock’s fifty day moving average is GBX 526.55 and its two-hundred day moving average is GBX 544.25.

Chemring Group (LON:CHG) last released its quarterly earnings results on Tuesday, December 9th. The company reported GBX 19.70 EPS for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. On average, research analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHG. Jefferies Financial Group upped their price objective on Chemring Group from GBX 530 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, November 12th. Berenberg Bank increased their target price on Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 600 price target on shares of Chemring Group in a research note on Monday, November 17th. Finally, Panmure Gordon upped 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, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 611.75.

About Chemring Group

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.