Chemring Group (LON:CHG) Given Buy Rating at Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 660 price target on the stock. Jefferies Financial Group‘s target price would indicate a potential upside of 26.07% from the stock’s previous close.

A number of other equities analysts have also recently commented on CHG. Royal Bank Of Canada lifted their price target on Chemring Group from GBX 580 to GBX 680 and gave the stock an “outperform” rating in a report on Monday, August 10th. Berenberg Bank dropped their price objective on Chemring Group from GBX 660 to GBX 650 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat, Chemring Group presently has a consensus rating of “Buy” and an average target price of GBX 635.40.

Chemring Group Stock Down 0.5%

Chemring Group stock opened at GBX 523.50 on Thursday. The firm has a market capitalization of £1.42 billion, a PE ratio of 42.56, a P/E/G ratio of 1.99 and a beta of 0.79. The company’s 50-day moving average is GBX 534.24 and its 200-day moving average is GBX 535.57. Chemring Group has a fifty-two week low of GBX 446.52 and a fifty-two week high of GBX 650.75. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.38 and a quick ratio of 0.70.

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.