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

Chemring Group (LON:CHG)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 658 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 35.73% from the stock’s previous close.

A number of other research firms have also recently weighed in on CHG. Royal Bank Of Canada lowered their price objective on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 650 target price on shares of Chemring Group in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 619.

Chemring Group Price Performance

Shares of CHG opened at GBX 484.80 on Thursday. The company has a market cap of £1.31 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. Chemring Group has a twelve month low of GBX 446.52 and a twelve month high of GBX 614. 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 50 day moving average of GBX 512.79 and a two-hundred day moving average of GBX 512.65.

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

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.

Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.