Chemring Group (LON:CHG) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Chemring Group PLC (LON:CHG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 519.35 and traded as high as GBX 535. Chemring Group shares last traded at GBX 514.96, with a volume of 902,881 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on CHG. Jefferies Financial Group upped their price target on shares of Chemring Group from GBX 640 to GBX 660 and gave the company a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 600 price target on shares of Chemring Group in a report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 616.75.

Chemring Group Trading Up 0.2%

The company has a fifty day simple moving average of GBX 533.07 and a 200-day simple moving average of GBX 519.35. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 40.39. The stock has a market cap of £1.39 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 1.99 and a beta of 0.84.

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.