Chemring Group plc (LON:CHG) insider Michael Flowers sold 7,861 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of GBX 192 ($2.60), for a total transaction of £15,093.12 ($20,468.02).
Michael Flowers also recently made the following trade(s):
- On Friday, January 26th, Michael Flowers sold 49,542 shares of Chemring Group stock. The shares were sold at an average price of GBX 193 ($2.62), for a total transaction of £95,616.06 ($129,666.48).
Chemring Group plc (LON:CHG) traded up GBX 4.80 ($0.07) during midday trading on Monday, hitting GBX 196.80 ($2.67). The stock had a trading volume of 319,737 shares, compared to its average volume of 223,634. The company has a market cap of $536.48 and a P/E ratio of 19,680.00. Chemring Group plc has a 52-week low of GBX 162 ($2.20) and a 52-week high of GBX 208 ($2.82).
Several research firms have recently commented on CHG. Berenberg Bank upped their price target on shares of Chemring Group from GBX 211 ($2.86) to GBX 228 ($3.09) and gave the company a “buy” rating in a research report on Thursday. Liberum Capital reaffirmed a “buy” rating and set a GBX 225 ($3.05) price objective on shares of Chemring Group in a report on Friday, January 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 205 ($2.78) price objective on shares of Chemring Group in a report on Friday, January 19th. Finally, Peel Hunt began coverage on shares of Chemring Group in a report on Tuesday, October 31st. They set an “add” rating and a GBX 185 ($2.51) price objective for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Chemring Group presently has a consensus rating of “Buy” and an average price target of GBX 209.86 ($2.85).
Chemring Group Company Profile
Chemring Group PLC is engaged in offering solutions to protect defense and security markets. The Company operates through three segments: Countermeasures, which is engaged in the development and manufacture of expendable countermeasures for air, sea and land platforms, and land-based electronic warfare equipment; Sensors & Electronics, which is engaged in the development and manufacture of improvised explosive device (IED) detection equipment, chemical and biological threat detection equipment, IED electronic countermeasures, network protection technologies and explosive ordnance disposal equipment, and Energetic Systems, which is engaged in the development, procurement and manufacture of signals and illumination devices and payloads, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile and ammunition components, propellants, warheads, fuses, separation sub-systems, actuators and energetic materials.
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