Chemring Group PT Raised to GBX 280 (CHG)
Equities research analysts at Investec increased their price objective on shares of Chemring Group (LON:CHG) from GBX 260 ($4.28) to GBX 280 ($4.61) in a research note issued to investors on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Investec’s price target points to a potential upside of 21.48% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Chemring Group in a research note to investors on Tuesday, November 26th. They now have a GBX 269 ($4.43) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Chemring Group in a research note to investors on Tuesday, November 26th. They now have a GBX 260 ($4.28) price target on the stock. Finally, analysts at Prime Markets reiterated a “sell” rating on shares of Chemring Group in a research note to investors on Monday, November 25th. They now have a GBX 180 ($2.97) price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Chemring Group currently has a consensus rating of “Hold” and a consensus price target of GBX 253.78 ($4.18).
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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