Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Chemring Group (LON:CHG)

by · The Markets Daily

Chemring Group (LON:CHG – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Friday,Digital Look reports. They presently have a GBX 650 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 35.98% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 658 price target on shares of Chemring Group in a research note on Thursday. Royal Bank Of Canada lowered their price objective on shares of Chemring Group from GBX 600 to GBX 580 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chemring Group has a consensus rating of “Buy” and an average price target of GBX 619.

Check Out Our Latest Analysis on CHG

Chemring Group Stock Down 0.6%

Shares of Chemring Group stock traded down GBX 3 on Friday, reaching GBX 478. 547,508 shares of the company were exchanged, compared to its average volume of 4,298,676. The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.99 and a beta of 0.80. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 51.32. Chemring Group has a one year low of GBX 446.52 and a one year high of GBX 614. The company has a 50-day moving average of GBX 511.20 and a 200 day moving average of GBX 512.67.

Chemring Group (LON:CHG – Get Free Report) last released its earnings results on Tuesday, June 2nd. The company reported GBX 6.20 earnings per share for the quarter. The business had revenue of £237.30 million during the quarter. Chemring Group had a net margin of 6.77% and a return on equity of 9.03%. On average, equities research analysts forecast that Chemring Group will post 24.8815166 earnings per share for the current year.

About Chemring Group

(Get Free Report)

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.

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