Jefferies Financial Group Forecasts Strong Price Appreciation for Chemring Group (LON:CHG) Stock

Chemring Group (LON:CHG) had its price target boosted by Jefferies Financial Group from GBX 640 to GBX 660 in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 25.48% from the company’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 600 price objective on shares of Chemring Group in a research note on Monday, November 17th. Berenberg Bank raised their target price on shares of Chemring Group from GBX 630 to GBX 670 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Panmure Gordon increased their price objective on shares of Chemring Group from GBX 480 to GBX 537 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 616.75.

Chemring Group Stock Up 2.3%

LON CHG opened at GBX 526 on Monday. The stock has a market cap of £1.41 billion, a PE ratio of 30.06, a P/E/G ratio of 1.99 and a beta of 0.68. 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 has a 12 month low of GBX 297.50 and a 12 month high of GBX 614. The stock’s 50 day moving average is GBX 494.07 and its 200 day moving average is GBX 532.12.

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

Insider Activity

In other Chemring Group news, insider Michael Ord sold 100,249 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of GBX 481, for a total transaction of £482,197.69. Also, insider Sarah Ellard sold 30,971 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of GBX 481, for a total value of £148,970.51. Insiders have sold a total of 297,888 shares of company stock worth $145,648,723 in the last ninety days. Corporate insiders own 1.17% 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.