Chemring Group’s (CHG) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Chemring Group (LON:CHG)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 650 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 32.01% from the company’s previous close.

Separately, Royal Bank Of Canada cut their price target on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chemring Group presently has a consensus rating of “Buy” and a consensus price target of GBX 619.40.

Chemring Group Price Performance

CHG opened at GBX 492.40 on Wednesday. Chemring Group has a 1 year low of GBX 446.52 and a 1 year high of GBX 614. The company’s 50 day simple moving average is GBX 519.96 and its 200 day simple moving average is GBX 511.28. The company has a debt-to-equity ratio of 40.39, a quick ratio of 0.71 and a current ratio of 1.60. The stock has a market capitalization of £1.33 billion, a PE ratio of 28.14, a P/E/G ratio of 1.99 and a beta of 0.82.

Chemring Group (LON:CHG) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 6.20 EPS for the quarter. Chemring Group had a net margin of 9.69% and a return on equity of 13.12%. The firm had revenue of £237.30 million for the quarter. As a group, sell-side analysts expect that Chemring Group will post 24.8815166 EPS for the current 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.