Chemring Group Receives “Neutral” Rating from JPMorgan Chase & Co. (CHG)
Chemring Group (LON:CHG)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, American Banking and Market News reports. They currently have a GBX 260 ($4.27) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 8.33% from the stock’s previous close.
Chemring Group (LON:CHG) traded down 0.41% on Friday, hitting GBX 240.00. The stock had a trading volume of 576,482 shares. Chemring Group has a one year low of GBX 186.30 and a one year high of GBX 323.20. The stock’s 50-day moving average is GBX 221.9 and its 200-day moving average is GBX 259.. The company’s market cap is £463.9 million.
The company also recently announced a dividend, which is scheduled for Friday, May 9th. Stockholders of record on Wednesday, April 16th will be paid a dividend of GBX 3.80 ($0.06) per share. This represents a dividend yield of 1.57%. The ex-dividend date is Wednesday, April 16th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Chemring Group from GBX 230 ($3.78) to GBX 260 ($4.27) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Chemring Group in a research note to investors on Thursday. They now have a GBX 280 ($4.60) price target on the stock. Finally, analysts at Investec raised their price target on shares of Chemring Group from GBX 260 ($4.27) to GBX 280 ($4.60) in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 257.11 ($4.22).
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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