Chemring Group (LON:CHG) Insider James Mortensen Sells 44,615 Shares of Stock

Chemring Group PLC (LON:CHG) insider James Mortensen sold 44,615 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of GBX 534, for a total transaction of £238,244.10.

James Mortensen also recently made the following trade(s):

• On Monday, December 15th, James Mortensen sold 18,816 shares of Chemring Group stock. The shares were sold at an average price of GBX 481, for a total transaction of £90,504.96.

Chemring Group Price Performance

Shares of CHG opened at GBX 524 on Tuesday. The firm has a market cap of £1.41 billion, a PE ratio of 29.94, a P/E/G ratio of 1.99 and a beta of 0.68. 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 firm has a fifty day simple moving average of GBX 493.71 and a two-hundred day simple moving average of GBX 532.35. Chemring Group PLC has a 1-year low of GBX 297.50 and a 1-year high of GBX 614.

Chemring Group (LON:CHG) last released its quarterly 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%. On average, equities analysts anticipate that Chemring Group PLC will post 24.8815166 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CHG shares. Berenberg Bank boosted their price objective on shares of Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 price target on shares of Chemring Group in a report on Monday, November 17th. Jefferies Financial Group upped their target price on shares of Chemring Group from GBX 640 to GBX 660 and gave the stock a “buy” rating in a report on Monday. Finally, Panmure Gordon increased their target price on Chemring Group from GBX 480 to GBX 537 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 616.75.

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.