Key Points
- Insider purchase: On Dec. 9, director Pete Raby bought 6,000 shares at GBX 468 each, a total transaction of £28,080.
- Analysts have been raising targets (e.g., Jefferies to GBX 640, Berenberg to GBX 670) and MarketBeat shows a consensus Buy rating with a consensus price target of GBX 611.75.
- Chemring shares traded around GBX 472.50 (down ~1%), the company has a £1.27bn market cap and a P/E of 29.9, but recent results show low profitability (net margin 0.64%, ROE 0.88%) and quarterly EPS of GBX 19.70.
Chemring Group PLC (LON:CHG - Get Free Report) insider Pete Raby bought 6,000 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of GBX 468 per share, for a total transaction of £28,080.
Chemring Group Trading Down 1.0%
Shares of CHG stock opened at GBX 472.50 on Thursday. Chemring Group PLC has a fifty-two week low of GBX 297.50 and a fifty-two week high of GBX 614. 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 has a 50 day simple moving average of GBX 533.29 and a two-hundred day simple moving average of GBX 543.47. The company has a market cap of £1.27 billion, a P/E ratio of 29.91, a PEG ratio of 1.99 and a beta of 0.68.
Chemring Group (LON:CHG - Get Free Report) last announced its quarterly earnings data 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%. Research analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have commented on CHG. Jefferies Financial Group raised their price target on shares of Chemring Group from GBX 530 to GBX 640 and gave the stock a "buy" rating in a report on Wednesday, November 12th. Berenberg Bank raised their target price on Chemring Group from GBX 630 to GBX 670 and gave the company a "buy" rating in a report on Tuesday, November 11th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 600 price objective on shares of Chemring Group in a research note on Monday, November 17th. Finally, Panmure Gordon upped their target price on shares of Chemring Group from GBX 480 to GBX 537 and gave the stock a "buy" rating in a research note on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of GBX 611.75.
View Our Latest Analysis on CHG
Chemring Group Company Profile
(
Get Free Report)
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.
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