Chemring Group (LON:CHG) Insider Purchases £32,640 in Stock

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 stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of GBX 544 per share, with a total value of £32,640.

Chemring Group Stock Up 0.4%

Shares of CHG stock traded up GBX 2 during trading hours on Friday, hitting GBX 567. 617,768 shares of the company's stock traded hands, compared to its average volume of 3,001,008. The stock's fifty day simple moving average is GBX 545.78 and its two-hundred day simple moving average is GBX 478.32. Chemring Group PLC has a 12-month low of GBX 297.50 and a 12-month high of GBX 604. The stock has a market cap of £1.53 billion, a price-to-earnings ratio of 3,588.61, a PEG ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42.

Analyst Ratings Changes

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

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.