Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

275.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 367.50p
  • 52 Week Low: 256.00p
  • Currency: UK Pounds
  • Shares Issued: 283.58m
  • Volume: 590,835
  • Market Cap: £781.27m
  • RiskGrade: 157
  • Beta: 0.02

Barclays downgrades Chemring on relative valuation basis

By Michele Maatouk

Date: Friday 15 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Barclays downgraded Chemring on Friday to 'underweight' from 'equalweight' on a relative valuation basis and cut the price target to 336p from 360p.
The bank noted that Chemring trades at a 15% premium to Bloomberg-consensus EU defence peers on EV/EBIT, and at a discount of only around 15% to prior peak (2018) EV/EBIT and price-to-earnings multiples at 13.5x/14.2x respectively.

"In the near-term, we believe the premium afforded to Cyber Security exposure (Roke Manor) is fully priced in, and with rising cost input headwinds (energy), and Roke operating expenses supporting expansion, we see limited self0help opportunities as Chemring's turnaround story is largely complete," it said.

At 1010 BST, the shares were up 0.5% at 327.50p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chemring Group Market Data

Currency UK Pounds
Share Price 275.50p
Change Today -4.50p
% Change -1.61 %
52 Week High 367.50p
52 Week Low 256.00p
Volume 590,835
Shares Issued 283.58m
Market Cap £781.27m
Beta 0.02
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.17% below the market average57.17% below the market average57.17% below the market average57.17% below the market average57.17% below the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Price Trend
4.88% below the market average4.88% below the market average4.88% below the market average4.88% below the market average4.88% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
10.14% above the market average10.14% above the market average10.14% above the market average10.14% above the market average10.14% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
16.68% below the market average16.68% below the market average16.68% below the market average16.68% below the market average16.68% below the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Chemring Group Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Mar-23 18-Aug-22
Paid 14-Apr-23 09-Sep-22
Amount 3.80p 1.90p

Trades for 07-Feb-2023

Time Volume / Share Price
16:35 223,718 @ 275.50p
16:35 5,891 @ 275.50p
16:35 193 @ 275.50p
16:35 1,055 @ 275.50p
16:35 644 @ 275.50p

Top of Page