Chemring Group (LON:CHG) Insider Pete Raby Buys 6,000 Shares

Key Points

• Pete Raby, an insider at Chemring Group, purchased 6,000 shares at an average price of GBX 544 per share, totaling £32,640.
• Currently, Chemring Group has a market cap of £1.46 billion and an average price target of GBX 570, with a "buy" rating from multiple analysts.
• The company's stock has shown volatility, with a 52-week low of GBX 297.50 and a high of GBX 604.

Chemring Group PLC (LON:CHG - Get Free Report) insider Pete Raby bought 6,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of GBX 544 per share, for a total transaction of £32,640.

Chemring Group Trading Down 0.9%

Shares of LON:CHG opened at GBX 541.10 on Tuesday. The company has a market cap of £1.46 billion, a P/E ratio of 3,424.68, a P/E/G ratio of 1.99 and a beta of 0.68. The stock's 50-day moving average is GBX 546.18 and its 200-day moving average is GBX 474.29. Chemring Group PLC has a 52-week low of GBX 297.50 and a 52-week high of GBX 604. The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 670 price objective on shares of Chemring Group in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 570.

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.

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