Chemring Group (LON:CHG) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Chemring Group PLC (LON:CHG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 526.77 and traded as high as GBX 546. Chemring Group shares last traded at GBX 543, with a volume of 436,892 shares traded.

Analysts Set New Price Targets

CHG has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of Chemring Group from GBX 640 to GBX 660 and gave the stock a “buy” rating in a report on Monday, January 26th. Panmure Gordon lifted their price target 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. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 616.75.

Chemring Group Stock Up 0.2%

The business’s 50 day moving average is GBX 524.84 and its 200-day moving average is GBX 526.77. The company has a debt-to-equity ratio of 40.39, a quick ratio of 0.71 and a current ratio of 1.60. The firm has a market capitalization of £1.46 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.

Insiders Place Their Bets

In other Chemring Group news, insider James Mortensen sold 44,615 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of GBX 534, for a total transaction of £238,244.10. 1.25% of the stock is currently owned by corporate insiders.

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.