Chemring Group (LON:CHG) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Chemring Group PLC (LON:CHG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 526.77 and traded as high as GBX 546. Chemring Group shares last traded at GBX 543, with a volume of 436,892 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Chemring Group from GBX 640 to GBX 660 and gave the company a “buy” rating in a report on Monday, January 26th. 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 616.75.

Chemring Group Trading Up 0.2%

The company has a debt-to-equity ratio of 40.39, a quick ratio of 0.71 and a current ratio of 1.60. The business’s 50 day moving average price is GBX 524.84 and its 200-day moving average price is GBX 526.77. The firm has a market cap of £1.46 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.

Insider Transactions at Chemring Group

In other Chemring Group news, insider James Mortensen sold 44,615 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of GBX 534, for a total transaction of £238,244.10. 1.25% of the stock is owned by insiders.

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.