Chemring Group (LON:CHG) Receives “Buy” Rating from Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 470 ($5.91) target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 45.96% from the stock’s current price.

Chemring Group Stock Up 2.4 %

Shares of Chemring Group stock opened at GBX 322 ($4.05) on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. Chemring Group has a 12-month low of GBX 309.01 ($3.88) and a 12-month high of GBX 428 ($5.38). The company has a market cap of £872.68 million, a P/E ratio of 2,927.27, a PEG ratio of 1.99 and a beta of 0.68. The company’s fifty day simple moving average is GBX 359.63 and its two-hundred day simple moving average is GBX 377.31.

Insiders Place Their Bets

In other news, insider James Mortensen purchased 9,125 shares of Chemring Group stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of GBX 329 ($4.14) per share, with a total value of £30,021.25 ($37,743.59). 1.69% of the stock is currently owned by company insiders.

About Chemring Group

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.