Berenberg Bank Reaffirms "Buy" Rating for Chemring Group (LON:CHG)

Berenberg Bank reaffirmed their buy rating on shares of Chemring Group (LON:CHG - Free Report) in a report published on Tuesday morning, Marketbeat.com reports. They currently have a GBX 670 ($8.99) target price on the stock.

Chemring Group Price Performance

Shares of LON:CHG traded up GBX 7 ($0.09) during trading on Tuesday, reaching GBX 560 ($7.52). The stock had a trading volume of 629,261 shares, compared to its average volume of 3,175,079. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The business has a fifty day moving average price of GBX 521.13 and a 200-day moving average price of GBX 417.08. The stock has a market cap of £1.50 billion, a PE ratio of 685.65, a PEG ratio of 1.99 and a beta of 0.68. Chemring Group has a 1-year low of GBX 297.50 ($3.99) and a 1-year high of GBX 604 ($8.11).

Chemring Group (LON:CHG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported GBX 7 ($0.09) earnings per share (EPS) for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. On average, equities analysts forecast that Chemring Group will post 24.8815166 earnings per share for the current fiscal year.

Chemring Group Company Profile

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.