Insider Selling: Chemring Group (LON:CHG) Insider Sells 42,838 Shares of Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 42,838 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of GBX 481, for a total transaction of £206,050.78.

Chemring Group Stock Performance

Shares of CHG stock opened at GBX 469.50 on Tuesday. The company has a market capitalization of £1.26 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The company’s 50-day moving average is GBX 526.55 and its 200 day moving average is GBX 544.25. Chemring Group PLC has a one year low of GBX 297.50 and a one year high of GBX 614.

Chemring Group (LON:CHG) last posted its earnings results on Tuesday, December 9th. The company reported GBX 19.70 EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. Sell-side analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Analysts Set New Price Targets

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