Sarah Ellard Sells 30,971 Shares of Chemring Group (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 30,971 shares of the 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.

Sarah Ellard also recently made the following trade(s):

• On Monday, December 15th, Sarah Ellard sold 42,838 shares of Chemring Group stock. The shares were sold at an average price of GBX 481, for a total value of £206,050.78.

Chemring Group Stock Down 1.8%

LON CHG traded down GBX 8.50 during trading on Tuesday, reaching GBX 473.50. 3,705,205 shares of the company’s stock were exchanged, compared to its average volume of 2,789,481. 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 PLC has a fifty-two week low of GBX 297.50 and a fifty-two week high of GBX 614. The company’s fifty day simple moving average is GBX 526.55 and its 200-day simple moving average is GBX 544.25. The firm has a market capitalization of £1.27 billion, a PE ratio of 29.97, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG) last posted its quarterly earnings results on Tuesday, December 9th. The company reported GBX 19.70 earnings per share (EPS) for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Sell-side analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHG. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 600 price objective on shares of Chemring Group in a report on Monday, November 17th. Berenberg Bank boosted their price objective on Chemring Group from GBX 630 to GBX 670 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Jefferies Financial Group lifted their price objective on Chemring Group from GBX 530 to GBX 640 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Panmure Gordon upped their price target on Chemring Group from GBX 480 to GBX 537 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 611.75.

Chemring Group Company Profile

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.