Chemring Group (LON:CHG) Insider Sells £148,970.51 in Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 30,971 shares of Chemring Group stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of GBX 481, for a total transaction of £148,970.51.

Sarah Ellard also recently made the following trade(s):

• On Monday, December 15th, Sarah Ellard sold 42,838 shares of Chemring Group stock. The shares were sold at an average price of GBX 481, for a total value of £206,050.78.

Chemring Group Stock Performance

Shares of Chemring Group stock opened at GBX 470.50 on Friday. Chemring Group PLC has a 12 month low of GBX 297.50 and a 12 month high of GBX 614. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42. The stock has a market cap of £1.27 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The business has a fifty day simple moving average of GBX 520.16 and a 200-day simple moving average of GBX 543.20.

Chemring Group (LON:CHG) last posted its quarterly earnings results 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, sell-side analysts anticipate that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHG. Berenberg Bank increased their price target on shares of Chemring Group from GBX 630 to GBX 670 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 price objective on shares of Chemring Group in a research note on Monday, November 17th. Panmure Gordon lifted their target price on shares of Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group boosted their price target on shares of Chemring Group from GBX 530 to GBX 640 and gave the company a “buy” rating in a report on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.