Insider Selling: Chemring Group (LON:CHG) Insider Sells £1,224,000 in Stock

Chemring Group PLC (LON:CHG) insider Michael Ord sold 200,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 612, for a total value of £1,224,000.

Chemring Group Stock Up 0.4%

Shares of Chemring Group stock opened at GBX 627 on Friday. Chemring Group PLC has a 12-month low of GBX 446.52 and a 12-month high of GBX 644. The firm has a market capitalization of £1.70 billion, a PE ratio of 50.98, a price-to-earnings-growth 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 stock’s fifty day moving average is GBX 544.12 and its 200-day moving average is GBX 529.48.

Chemring Group (LON:CHG) last issued its quarterly earnings results 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 return on equity of 9.03% and a net margin of 6.77%. Equities analysts anticipate that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Berenberg Bank lifted their price objective on shares of Chemring Group from GBX 590 to GBX 660 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 target price on shares of Chemring Group in a research note on Friday, June 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 658 target price on shares of Chemring Group in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 617.

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.