Chemring Group (LON:CHG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Chemring Group PLC (LON:CHG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 518.22 and traded as high as GBX 540. Chemring Group shares last traded at GBX 538, with a volume of 514,679 shares changing hands.

Analysts Set New Price Targets

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

Chemring Group Price Performance

The company has a 50-day simple moving average of GBX 510.92 and a 200-day simple moving average of GBX 518.67. The company has a market cap of £1.46 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 1.99 and a beta of 0.80. The company has a debt-to-equity ratio of 51.32, a quick ratio of 0.70 and a current ratio of 1.38.

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

Insiders Place Their Bets

In other news, insider Tony Wood purchased 42,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of GBX 473 per share, for a total transaction of £198,660. Also, insider Alpna Amar bought 10,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were acquired at an average price of GBX 474 per share, with a total value of £47,400. Company insiders own 1.17% 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.