Chemring Group’s (CHG) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Chemring Group (LON:CHG) in a research note published on Thursday morning,Digital Look reports. The firm currently has a GBX 660 target price on the stock.

Several other equities analysts have also recently commented on the stock. Berenberg Bank lowered their price target on shares of Chemring Group from GBX 660 to GBX 650 and set a “buy” rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada increased their price objective on Chemring Group from GBX 580 to GBX 680 and gave the stock an “outperform” rating in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 635.40.

Chemring Group Stock Down 0.5%

CHG stock opened at GBX 507.43 on Thursday. Chemring Group has a 12-month low of GBX 446.52 and a 12-month high of GBX 650.75. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 51.32. The company has a market cap of £1.38 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 1.99 and a beta of 0.78. The company has a 50 day moving average of GBX 533.46 and a two-hundred day moving average of GBX 535.43.

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.