Chemring Group Rating Reiterated by Liberum Capital (CHG)
Chemring Group (LON:CHG)‘s stock had its “hold” rating reaffirmed by investment analysts at Liberum Capital in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 205 ($3.27) target price on the stock. Liberum Capital’s price objective would indicate a potential downside of 2.89% from the stock’s previous close.
Shares of Chemring Group (LON:CHG) traded down 4.05% on Monday, hitting GBX 211.10. 3,903,354 shares of the company’s stock traded hands. Chemring Group has a 52 week low of GBX 213.70 and a 52 week high of GBX 358.80. The stock’s 50-day moving average is GBX 311.8 and its 200-day moving average is GBX 286.5. The company’s market cap is £408.0 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Chemring Group from an “overweight” rating to a “neutral” rating in a research note to investors on Friday. They now have a GBX 260 ($4.15) price target on the stock, down previously from GBX 325 ($5.19). Separately, analysts at Barclays Capital upgraded shares of Chemring Group to an “overweight” rating in a research note to investors on Wednesday, October 9th. They now have a GBX 270 ($4.31) price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Chemring Group has a consensus rating of “Hold” and an average target price of GBX 279.75 ($4.47).
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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