Chemring Group (LON:CHG - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 670 ($9.00) price objective on the stock. Berenberg Bank's target price indicates a potential upside of 19.22% from the stock's previous close.
Chemring Group Price Performance
CHG stock traded down GBX 5 ($0.07) during midday trading on Tuesday, hitting GBX 562 ($7.55). The company's stock had a trading volume of 7,134,157 shares, compared to its average volume of 3,280,959. Chemring Group has a 12 month low of GBX 297.50 ($3.99) and a 12 month high of GBX 604 ($8.11). The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42. The firm has a market capitalization of £1.51 billion, a price-to-earnings ratio of 688.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a 50 day moving average of GBX 513.04 and a two-hundred day moving average of GBX 413.64.
Chemring Group (LON:CHG - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported GBX 7 ($0.09) EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. On average, analysts expect that Chemring Group will post 24.8815166 EPS for the current year.
About Chemring Group
(
Get Free Report)
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.
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