Key Points
- Insider sales: James Mortensen sold 44,615 shares on Jan 22 at GBX 534 for £238,244.10 and previously sold 18,816 shares on Dec 15 at GBX 481 for £90,504.96.
- Market view: CHG trades around GBX 524 with a market cap of £1.41bn and a P/E of 29.94, and analysts have a consensus "Buy" rating with an average target of GBX 616.75 (individual targets raised up to GBX 670).
Chemring Group PLC (LON:CHG - Get Free Report) insider James Mortensen sold 44,615 shares of the business's stock in a transaction on Thursday, January 22nd. The stock was 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 stock was sold at an average price of GBX 481, for a total transaction of £90,504.96.
Chemring Group Price Performance
Shares of LON CHG opened at GBX 524 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. Chemring Group PLC has a 12-month low of GBX 297.50 and a 12-month high of GBX 614. The firm's 50-day moving average price is GBX 493.71 and its 200-day moving average price is GBX 532.35. The stock has a market capitalization of £1.41 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.99 and a beta of 0.68.
Chemring Group (LON:CHG - Get Free Report) last issued its quarterly earnings data on Tuesday, December 9th. The company reported GBX 19.70 earnings per share for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. On average, equities research analysts anticipate that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Panmure Gordon boosted their target price on Chemring Group from GBX 480 to GBX 537 and gave the company a "buy" rating in a research report on Wednesday, November 19th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 600 target price on shares of Chemring Group in a research report on Monday, November 17th. Jefferies Financial Group upped their price target on shares of Chemring Group from GBX 640 to GBX 660 and gave the stock a "buy" rating in a report on Monday. Finally, Berenberg Bank raised their price target on shares of Chemring Group from GBX 630 to GBX 670 and gave the stock a "buy" rating in a research note on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 616.75.
Read Our Latest Stock Analysis on Chemring Group
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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