Chemring Group (LON:CHG) Insider Sarah Ellard Sells 42,838 Shares

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 42,838 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 £206,050.78.

Chemring Group Stock Down 2.6%

LON CHG opened at GBX 469.50 on Tuesday. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. Chemring Group PLC has a fifty-two week low of GBX 297.50 and a fifty-two week high of GBX 614. The stock has a market capitalization of £1.26 billion, a PE ratio of 29.72, a PEG ratio of 1.99 and a beta of 0.68. The business has a fifty day moving average price of GBX 526.55 and a two-hundred day moving average price of GBX 544.25.

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

Analyst Ratings Changes

CHG has been the topic of several research analyst reports. Jefferies Financial Group boosted their price objective on Chemring Group from GBX 530 to GBX 640 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 600 target price on shares of Chemring Group in a research report on Monday, November 17th. Berenberg Bank raised their target price on Chemring Group from GBX 630 to GBX 670 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Panmure Gordon lifted their target price on Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a report on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.