Chime Communications Upgraded to Buy by Canaccord Genuity (CHW)
Chime Communications (LON:CHW) was upgraded by investment analysts at Canaccord Genuity to a “buy” rating in a note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 383 ($6.28) price target on the stock, up from their previous price target of GBX 349 ($5.72). Canaccord Genuity’s price objective indicates a potential upside of 11.01% from the company’s current price.
Shares of Chime Communications (LON:CHW) traded up 1.85% on Monday, hitting GBX 345.00. The stock had a trading volume of 68,131 shares. Chime Communications has a 1-year low of GBX 235.00 and a 1-year high of GBX 350.50. The stock’s 50-day moving average is GBX 322.0 and its 200-day moving average is GBX 304.1. The company’s market cap is £284.9 million.
A number of other firms have also recently commented on CHW. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Chime Communications in a research note to investors on Monday, December 2nd. They now have a GBX 401 ($6.58) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Chime Communications in a research note to investors on Friday, October 25th. They now have a GBX 350 ($5.74) price target on the stock, up previously from GBX 335 ($5.49).
Chime Communications plc is a holding company engaged in the business of providing public relations, advertising and marketing services (LON:CHW), sports marketing, and insight and engagement (formerly Research).
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