Chemring Group’s (CHG) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 650 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 32.01% from the company’s current price.

Separately, Royal Bank Of Canada dropped their price objective 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. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 619.40.

Chemring Group Trading Down 1.5%

CHG opened at GBX 492.40 on Wednesday. The firm has a market capitalization of £1.33 billion, a P/E ratio of 28.14, a P/E/G ratio of 1.99 and a beta of 0.82. The firm’s 50 day moving average is GBX 519.96 and its 200-day moving average is GBX 511.28. Chemring Group has a 52-week low of GBX 446.52 and a 52-week high of GBX 614. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 40.39.

Chemring Group (LON:CHG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share (EPS) for the quarter. The company had revenue of £237.30 million for the quarter. Chemring Group had a net margin of 9.69% and a return on equity of 13.12%. Analysts expect that Chemring Group will post 24.8815166 EPS for the current fiscal year.

About Chemring Group

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.