Chemring Group (LON:CHG) Price Target Increased to GBX 385 by Analysts at Berenberg Bank

Chemring Group (LON:CHG) had its price target upped by Berenberg Bank from GBX 365 ($4.77) to GBX 385 ($5.03) in a report published on Tuesday, Price reports. The firm currently has a buy rating on the stock.

CHG opened at GBX 319 ($4.17) on Tuesday. The company has a market cap of £902.50 million and a PE ratio of 23.12. The stock has a 50-day moving average of GBX 315.86 and a 200-day moving average of GBX 293.90. Chemring Group has a 52-week low of GBX 206.70 ($2.70) and a 52-week high of GBX 346 ($4.52). The company has a debt-to-equity ratio of 12.56, a quick ratio of 0.68 and a current ratio of 1.56.

In other Chemring Group news, insider Michael Ord sold 165,284 shares of the firm’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of GBX 282 ($3.68), for a total value of £466,100.88 ($608,963.78).

About Chemring Group

Chemring Group PLC supplies countermeasures, sensors, and energetic solutions to aerospace, defense, and security industries in the United States, the United Kingdom, Norway, Australia, and internationally. The company operates through two segments, Sensors & Information and Countermeasures & Energetics.

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