Chemring Group (LON:CHG) Insider Michael Ord Sells 200,000 Shares of Stock

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

Chemring Group Price Performance

Shares of LON CHG traded up GBX 21.95 during midday trading on Wednesday, hitting GBX 635.45. The stock had a trading volume of 587,755 shares, compared to its average volume of 4,565,007. 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 has a 50 day simple moving average of GBX 538.99 and a 200-day simple moving average of GBX 527.61. The company has a market capitalization of £1.72 billion, a PE ratio of 51.66, a P/E/G ratio of 1.99 and a beta of 0.80. Chemring Group PLC has a 1 year low of GBX 446.52 and a 1 year high of GBX 638.

Chemring Group (LON:CHG) last announced its earnings results 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 6.77% and a return on equity of 9.03%. On average, sell-side analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Analyst Ratings Changes

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