Chemring Group (LON:CHG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Chemring Group PLC (LON:CHG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 514.72 and traded as high as GBX 582. Chemring Group shares last traded at GBX 577.50, with a volume of 810,052 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on CHG shares. Royal Bank Of Canada dropped their target price on Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 658 price target on shares of Chemring Group in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 price objective on shares of Chemring Group in a research note on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Chemring Group presently has an average rating of “Buy” and a consensus price target of GBX 619.

Chemring Group Stock Performance

The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 51.32. The company’s 50-day moving average price is GBX 507.96 and its two-hundred day moving average price is GBX 514.72. The company has a market cap of £1.56 billion, a P/E ratio of 46.95, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80.

Chemring Group (LON:CHG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share (EPS) for the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. The company had revenue of £237.30 million for the quarter. As a group, equities analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

Insider Activity at Chemring Group

In related news, insider Tony Wood acquired 42,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was bought at an average price of GBX 473 per share, for a total transaction of £198,660. Also, insider Alpna Amar acquired 10,000 shares of Chemring Group stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of GBX 474 per share, with a total value of £47,400. Insiders own 1.25% of the company’s stock.

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.