Chemring Group (LON:CHG) Insider Sells £238,244.10 in Stock

Chemring Group PLC (LON:CHG) insider James Mortensen sold 44,615 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of GBX 534, for a total transaction of £238,244.10.

James Mortensen also recently made the following trade(s):

• On Monday, December 15th, James Mortensen sold 18,816 shares of Chemring Group stock. The stock was sold at an average price of GBX 481, for a total value of £90,504.96.

Chemring Group Stock Down 2.0%

Chemring Group stock traded down GBX 10.37 during trading hours on Monday, reaching GBX 513.64. The stock had a trading volume of 13,214,114 shares, compared to its average volume of 2,328,157. The company has a market cap of £1.38 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The business’s 50 day moving average price is GBX 493.45 and its 200-day moving average price is GBX 532.62. Chemring Group PLC has a 52 week low of GBX 297.50 and a 52 week high of GBX 614.

Chemring Group (LON:CHG) last issued its 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%. Sell-side analysts anticipate that Chemring Group PLC will post 24.8815166 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CHG. Jefferies Financial Group raised their price target on Chemring Group from GBX 530 to GBX 640 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 600 price target on shares of Chemring Group in a research report on Monday, November 17th. Panmure Gordon lifted their price objective on Chemring Group from GBX 480 to GBX 537 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Finally, Berenberg Bank lifted their price objective on Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company 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.