Chemring Group (LON:CHG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Chemring Group PLC (LON:CHG)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 511.12 and traded as high as GBX 530. Chemring Group shares last traded at GBX 527, with a volume of 964,728 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 650 price target on shares of Chemring Group in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 619.40.

Chemring Group Stock Performance

The stock’s 50 day moving average price is GBX 521.71 and its 200 day moving average price is GBX 511.12. The company has a debt-to-equity ratio of 51.32, a quick ratio of 0.71 and a current ratio of 1.38. The company has a market capitalization of £1.43 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.82.

Chemring Group (LON:CHG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 EPS for the quarter. The company had revenue of £237.30 million for the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. As a group, equities analysts expect that Chemring Group PLC will post 24.8815166 EPS for the current year.

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.