Chemring Group (LON:CHG) Earns “Outperform” Rating from Royal Bank Of Canada

Chemring Group (LON:CHG)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 600 target price on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 7.24% from the company’s previous close.

Separately, Jefferies Financial Group lifted their price objective on Chemring Group from GBX 640 to GBX 660 and gave the stock a “buy” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 616.75.

Chemring Group Price Performance

LON CHG opened at GBX 559.50 on Friday. Chemring Group has a fifty-two week low of GBX 375 and a fifty-two week high of GBX 614. The stock’s 50-day moving average is GBX 528.72 and its two-hundred day moving average is GBX 522.63. The company has a debt-to-equity ratio of 40.39, a current ratio of 1.60 and a quick ratio of 0.71. The firm has a market cap of £1.50 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.

Insiders Place Their Bets

In related news, insider James Mortensen sold 44,615 shares of Chemring Group stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of GBX 534, for a total transaction of £238,244.10. 1.17% of the stock is currently owned by company insiders.

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.