Chemring Group’s “Buy” Rating Reaffirmed at Espirito Santo Investment Bank Research (CHG)
Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by analysts at Espirito Santo Investment Bank Research in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 360 ($5.63) price objective on the stock. Espirito Santo Investment Bank Research’s target price suggests a potential upside of 13.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “neutral” rating on shares of Chemring Group (LON:CHG) in a research note to investors on Thursday, August 29th. They now have a GBX 330 ($5.16) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Chemring Group (LON:CHG) from GBX 300 ($4.69) to GBX 325 ($5.08) in a research note to investors on Thursday, August 29th. They now have an “overweight” rating on the stock.
One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Chemring Group presently has an average rating of “Hold” and a consensus price target of GBX 295.10 ($4.61).
Chemring Group (LON:CHG) opened at 322.30 on Thursday. The stock’s 50-day moving average is GBX 310.4 and its 200-day moving average is GBX 285.0. The company’s market cap is £623.0 million.
Chemring Group PLC is engaged in the design, manufacture and sale of counter-improvised explosive device (LON:CHG) equipment, countermeasures, pyrotechnics and munitions.
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