Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

379.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 396.00
  • 52 Week Low: 259.00
  • Currency: UK Pounds
  • Shares Issued: 272.37m
  • Volume: 101,885
  • Market Cap: £1,032.27m
  • RiskGrade: 157

Berenberg names Chemring 'top pick' in UK defence sector

By Alexander Bueso

Date: Wednesday 02 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg bumped up their target price for shares of Chemring from 360.0p to 370.0p, pointing out the strength of its fundamentals and labelling the shares as their 'top pick' in the UK defence space.
The move followed the aerospace and defence technologies group's decision to unveil a share buyback programme.

In particular, the analysts noted that the company offered the highest margins on its earnings before interest and taxes and lowest leverage in UK defence for 2023.

And Chemring's Roke and Energetics businesses were likely to sustain its top-line growth.

Together, those two units accounted for more than half of group revenue.

They also raised their outer year earnings per share estimates by 5%.

All told, they judged the shares' valuation to be "attractive" in the wake of the 20% de-rating seen over the past year.

That had left the shares trading at 13.8 their estimates for Chemring's earnings in 2024.

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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 379.00p
Change Today -2.00p
% Change -0.52 %
52 Week High 396.00
52 Week Low 259.00
Volume 101,885
Shares Issued 272.37m
Market Cap £1,032.27m
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.11% below the market average92.11% below the market average92.11% below the market average92.11% below the market average92.11% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Price Trend
75.51% above the market average75.51% above the market average75.51% above the market average75.51% above the market average75.51% above 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
67.55% below the market average67.55% below the market average67.55% below the market average67.55% below the market average67.55% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
39.24% below the market average39.24% below the market average39.24% below the market average39.24% below the market average39.24% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 1
Strong Sell 0
Total 6
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
  Interim Final
Ex-Div 15-Aug-24 21-Mar-24
Paid 06-Sep-24 12-Apr-24
Amount 2.60p 4.60p

Trades for 12-Jun-2024

Time Volume / Share Price
11:13 6 @ 380.00p
11:12 115 @ 379.00p
11:11 100 @ 379.50p
11:00 790 @ 380.17p
10:56 382 @ 379.00p

Chemring Group Key Personnel

CFO James Mortensen

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