Chemring Group (LON:CHG) Stock Rating Reaffirmed by Peel Hunt

Chemring Group (LON:CHG)‘s stock had its “add” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Monday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also weighed in on the stock. Berenberg Bank raised their price target on shares of Chemring Group from GBX 190 ($2.50) to GBX 200 ($2.63) and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays reaffirmed an “overweight” rating on shares of Chemring Group in a research note on Monday, September 9th.

Shares of Chemring Group stock opened at GBX 202 ($2.66) on Monday. The firm has a market capitalization of $567.05 million and a PE ratio of -6.18. Chemring Group has a twelve month low of GBX 134 ($1.76) and a twelve month high of GBX 214.50 ($2.82). The firm’s 50-day moving average price is GBX 198.54 and its 200 day moving average price is GBX 185.85. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 31.94.

In related news, insider Laurie Bowen purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average cost of GBX 198 ($2.60) per share, with a total value of £29,700 ($39,068.67).

Chemring Group Company Profile

Chemring Group PLC manufactures and supplies technology electronics and energetic products for defense and security agencies, and defense prime contractors in the United States, the United Kingdom, Australia, and Norway. It operates through three segments: Countermeasures, Sensors, and Energetic. The Countermeasures segment designs, develops, manufactures, and sells expendable countermeasures for protecting air, sea, and land platforms; and land-based electronic warfare equipment.

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