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

Chemring Group PLC (LON:CHG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 514.72 and traded as high as GBX 582. Chemring Group shares last traded at GBX 577.50, with a volume of 810,052 shares changing hands.

Analysts Set New Price Targets

CHG has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price objective on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 650 price target on shares of Chemring Group in a research report on Friday, June 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 658 price objective on shares of Chemring Group in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chemring Group has a consensus rating of “Buy” and an average target price of GBX 619.

Chemring Group Stock Performance

The company has a debt-to-equity ratio of 51.32, a current ratio of 1.38 and a quick ratio of 0.70. The stock has a fifty day moving average price of GBX 507.96 and a two-hundred day moving average price of GBX 514.72. The company has a market cap of £1.56 billion, a P/E ratio of 46.95, a PEG ratio of 1.99 and a beta of 0.80.

Chemring Group (LON:CHG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share (EPS) for the quarter. Chemring Group had a return on equity of 9.03% and a net margin of 6.77%.The business had revenue of £237.30 million during the quarter. On average, equities analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

Insider Buying and Selling at Chemring Group

In other Chemring Group news, insider Tony Wood purchased 42,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was bought at an average price of GBX 473 per share, with a total value of £198,660. Also, insider Alpna Amar purchased 10,000 shares of the stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of GBX 474 per share, for a total transaction of £47,400. Corporate insiders own 1.25% of the company’s stock.

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.