James Mortensen Sells 44,615 Shares of Chemring Group (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider James Mortensen sold 44,615 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of GBX 534, for a total value of £238,244.10.

James Mortensen also recently made the following trade(s):

• On Monday, December 15th, James Mortensen sold 18,816 shares of Chemring Group stock. The shares were sold at an average price of GBX 481, for a total value of £90,504.96.

Chemring Group Trading Up 2.3%

Shares of LON:CHG opened at GBX 526 on Wednesday. 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 business has a 50 day moving average of GBX 494.07 and a two-hundred day moving average of GBX 532.12. The company has a market capitalization of £1.41 billion, a PE ratio of 30.06, a PEG ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG) last posted 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%. As a group, analysts forecast that Chemring Group PLC will post 24.8815166 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHG. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 600 price target on shares of Chemring Group in a research note on Monday, November 17th. Panmure Gordon raised their price objective on Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a report on Wednesday, November 19th. Berenberg Bank increased their target price on Chemring Group from GBX 630 to GBX 670 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Jefferies Financial Group boosted their price target on shares of Chemring Group from GBX 640 to GBX 660 and gave the stock a “buy” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Chemring Group presently has an average rating of “Buy” and an average price target of GBX 616.75.

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.