Chemring Group (LON:CHG) Stock Crosses Above 200-Day Moving Average of $378.33

Chemring Group PLC (LON:CHG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 378.33 ($4.97) and traded as high as GBX 396 ($5.21). Chemring Group shares last traded at GBX 385.50 ($5.07), with a volume of 287,609 shares changing hands.

Wall Street Analyst Weigh In

CHG has been the topic of a number of research analyst reports. Shore Capital reissued a “buy” rating on shares of Chemring Group in a research note on Tuesday, June 4th. Berenberg Bank boosted their target price on shares of Chemring Group from GBX 415 ($5.46) to GBX 460 ($6.05) and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 450 ($5.92) price target on shares of Chemring Group in a research note on Tuesday, June 18th.

Chemring Group Stock Down 1.8 %

The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. The business has a fifty day simple moving average of GBX 395.39 and a two-hundred day simple moving average of GBX 378.33. The company has a market cap of £1.04 billion, a PE ratio of 3,504.55, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68.

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.