Chemring Group (LON:CHG) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Shares of Chemring passed above its 200-day moving average (200‑day MA GBX 523.20), trading as high as GBX 560 and last at GBX 546 on volume of 840,631, despite a reported 1.4% intraday decline.
• Jefferies raised its price target to GBX 660 and kept a "buy" rating; the stock has a consensus Buy with an average target of GBX 616.75 from four analysts.
• Insider James Mortensen sold 44,615 shares at GBX 534 (≈£238,244) on Jan. 22, and insiders now own 1.17% of the company.

Shares of Chemring Group PLC (LON:CHG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 523.20 and traded as high as GBX 560. Chemring Group shares last traded at GBX 546, with a volume of 840,631 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their price objective on Chemring Group from GBX 640 to GBX 660 and gave the stock a "buy" rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Chemring Group currently has a consensus rating of "Buy" and an average target price of GBX 616.75.

Chemring Group Stock Down 1.4%

The stock has a 50-day simple moving average of GBX 523.66 and a two-hundred day simple moving average of GBX 523.20. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 40.39. The firm has a market cap of £1.47 billion, a PE ratio of 31.20, a P/E/G ratio of 1.99 and a beta of 0.87.

Insiders Place Their Bets

In other Chemring Group news, insider James Mortensen sold 44,615 shares of the firm's stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of GBX 534, for a total transaction of £238,244.10. 1.17% of the stock is owned by insiders.

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.

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