Shares of Chemring Group PLC (LON:CHG - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 519.35 and traded as high as GBX 535. Chemring Group shares last traded at GBX 514.96, with a volume of 902,881 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have weighed in on CHG. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 600 target price on shares of Chemring Group in a research note on Friday, April 17th. Jefferies Financial Group upped their price target on shares of 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 MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 616.75.
View Our Latest Stock Report on Chemring Group
Chemring Group Stock Up 0.2%
The firm has a market cap of £1.39 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 1.99 and a beta of 0.84. The firm's fifty day moving average is GBX 533.07 and its two-hundred day moving average is GBX 519.35. The company has a debt-to-equity ratio of 40.39, a current ratio of 1.60 and a quick ratio of 0.71.
Chemring Group Company Profile
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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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