Chemring Group (LON:CHG) Shares Down 7% – Time to Sell?

Chemring Group PLC (LON:CHG) shares traded down 7% during trading on Tuesday . The company traded as low as GBX 510.50 and last traded at GBX 510.50. 1,198,376 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,174,456 shares. The stock had previously closed at GBX 549.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a report on Wednesday. Royal Bank Of Canada dropped their price target on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 619.40.

Chemring Group Stock Down 1.2%

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 business has a 50-day simple moving average of GBX 520.01 and a two-hundred day simple moving average of GBX 511.05. The company has a market capitalization of £1.34 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.99 and a beta of 0.82.

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

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.