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

Chemring Group (LON:CHG)‘s stock had its “add” rating restated by Peel Hunt in a report released on Thursday, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently weighed in on CHG. Berenberg Bank lifted their target price on Chemring Group from GBX 200 ($2.63) to GBX 235 ($3.09) and gave the company a “hold” rating in a research note on Wednesday, January 8th. Barclays lifted their target price on Chemring Group from GBX 175 ($2.30) to GBX 290 ($3.81) and gave the company an “overweight” rating in a research note on Wednesday, January 15th.

Shares of CHG stock opened at GBX 275 ($3.62) on Thursday. The business’s 50 day moving average is GBX 265.45 and its two-hundred day moving average is GBX 212.79. Chemring Group has a twelve month low of GBX 134 ($1.76) and a twelve month high of GBX 367.75 ($4.84). The company has a market capitalization of $772.01 million and a P/E ratio of 35.71. The company has a current ratio of 0.94, a quick ratio of 0.26 and a debt-to-equity ratio of 25.18.

In related news, insider Sarah Ellard sold 29,182 shares of Chemring Group stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of GBX 267 ($3.51), for a total value of £77,915.94 ($102,494.00).

About Chemring Group

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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