Chemring Group (LON:CHG) Insider Sells £90,504.96 in Stock

Chemring Group PLC (LON:CHG) insider James Mortensen sold 18,816 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of GBX 481, for a total transaction of £90,504.96.

Chemring Group Stock Down 1.1%

CHG opened at GBX 470.50 on Friday. Chemring Group PLC has a fifty-two week low of GBX 297.50 and a fifty-two week high of GBX 614. The firm has a market capitalization of £1.27 billion, a P/E ratio of 29.78, a PEG ratio of 1.99 and a beta of 0.68. The company’s 50-day moving average is GBX 520.16 and its 200 day moving average is GBX 543.20. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71.

Chemring Group (LON:CHG) last issued its quarterly earnings data on Tuesday, December 9th. The company reported GBX 19.70 earnings per share (EPS) for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Research analysts expect that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 price target on shares of Chemring Group in a research report on Monday, November 17th. Jefferies Financial Group upped their price objective on Chemring Group from GBX 530 to GBX 640 and gave the company a “buy” rating in a research note 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 research report on Tuesday, November 11th. Finally, Panmure Gordon lifted their target price on Chemring Group from GBX 480 to GBX 537 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chemring Group has a consensus rating of “Buy” and an average price target of GBX 611.75.

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.