Chemring Group (LON:CHG) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Chemring Group PLC (LON:CHG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 511.54 and traded as high as GBX 559.50. Chemring Group shares last traded at GBX 549, with a volume of 1,619,306 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 600 price target on shares of Chemring Group in a report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chemring Group presently has an average rating of “Buy” and an average price target of GBX 616.75.

Chemring Group Stock Down 0.3%

The company has a debt-to-equity ratio of 40.39, a current ratio of 1.60 and a quick ratio of 0.71. The stock has a market cap of £1.49 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.99 and a beta of 0.82. The business has a fifty day moving average of GBX 520.27 and a 200-day moving average of GBX 511.54.

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.