Tony Wood Buys 42,000 Shares of Chemring Group (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider Tony Wood bought 42,000 shares of the stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of GBX 473 per share, for a total transaction of £198,660.

Chemring Group Stock Performance

Shares of Chemring Group stock traded up GBX 4 during trading hours on Friday, reaching GBX 485. 721,246 shares of the stock traded hands, compared to its average volume of 4,300,100. Chemring Group PLC has a one year low of GBX 446.52 and a one year high of GBX 614. The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of 39.43, a P/E/G ratio of 1.99 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. The company has a 50 day moving average price of GBX 511.20 and a 200 day moving average price of GBX 512.67.

Chemring Group (LON:CHG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share for the quarter. The firm had revenue of £237.30 million for the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. On average, equities research analysts expect that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHG has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 658 target price on shares of Chemring Group in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 price target on shares of Chemring Group in a report on Friday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 619.

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.