Jefferies Financial Group Reiterates “Buy” Rating for Chemring Group (LON:CHG)

Chemring Group (LON:CHG)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 470 ($5.96) target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 47.85% from the company’s current price.

Chemring Group Trading Down 12.1 %

Shares of Chemring Group stock traded down GBX 43.61 ($0.55) during trading on Tuesday, reaching GBX 317.89 ($4.03). 3,660,891 shares of the company were exchanged, compared to its average volume of 777,857. The business has a 50-day moving average price of GBX 361.52 and a 200-day moving average price of GBX 378.20. The firm has a market capitalization of £861.55 million, a price-to-earnings ratio of 2,903.36, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 22.77. Chemring Group has a twelve month low of GBX 309.01 ($3.92) and a twelve month high of GBX 428 ($5.43).

Chemring Group Company Profile

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.