Sarah Ellard Sells 30,971 Shares of Chemring Group (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 30,971 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of GBX 481, for a total value of £148,970.51.

Sarah Ellard also recently made the following trade(s):

• On Monday, December 15th, Sarah Ellard sold 42,838 shares of Chemring Group stock. The shares were sold at an average price of GBX 481, for a total transaction of £206,050.78.

Chemring Group Stock Up 0.3%

Shares of Chemring Group stock opened at GBX 475.50 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. Chemring Group PLC has a 12-month low of GBX 297.50 and a 12-month high of GBX 614. The company has a market cap of £1.28 billion, a P/E ratio of 30.09, a PEG ratio of 1.99 and a beta of 0.68. The company’s fifty day simple moving average is GBX 522.31 and its two-hundred day simple moving average is GBX 543.71.

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

Analysts Set New Price Targets

CHG has been the topic of several research reports. Berenberg Bank lifted their price target on Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Panmure Gordon boosted their target price on shares of Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a report on Wednesday, November 19th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 600 price target on shares of Chemring Group in a research report on Monday, November 17th. Finally, Jefferies Financial Group boosted their price objective on shares of Chemring Group from GBX 530 to GBX 640 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.