Chemring Group (LON:CHG) Given Buy Rating at Jefferies Financial Group

Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 470 ($5.96) target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 47.85% from the stock’s previous close.

Chemring Group Price Performance

Shares of CHG stock traded down GBX 43.61 ($0.55) during mid-day trading on Tuesday, reaching GBX 317.89 ($4.03). The company’s stock had a trading volume of 3,660,891 shares, compared to its average volume of 777,857. The firm’s 50-day moving average is GBX 361.52 and its two-hundred day moving average is GBX 378.20. The company has a market cap of £861.55 million, a P/E ratio of 2,903.36, a PEG ratio of 1.99 and a beta of 0.68. Chemring Group has a 1-year low of GBX 309.01 ($3.92) and a 1-year high of GBX 428 ($5.43). The company has a debt-to-equity ratio of 22.77, a quick ratio of 0.71 and a current ratio of 1.27.

Chemring Group Company Profile

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.