Chemring Group plc Stock Rating Lowered by Barclays (CHG)
Chemring Group plc (LON:CHG) was downgraded by Barclays to an “underweight” rating in a research note issued on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 200 ($3.37) target price on the stock. Barclays’ target price indicates a potential downside of 7.83% from the company’s current price.
A number of other analysts have also recently weighed in on CHG. Analysts at Canaccord Genuity initiated coverage on shares of Chemring Group plc in a research note on Monday, April 28th. They set a “sell” rating and a GBX 233 ($3.92) price target on the stock. Separately, analysts at Investec cut their price target on shares of Chemring Group plc from GBX 300 ($5.05) to GBX 260 ($4.38) in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital downgraded shares of Chemring Group plc to a “sell” rating in a research note on Thursday, March 20th. They now have a GBX 220 ($3.71) price target on the stock, down previously from GBX 250 ($4.21). Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 245.78 ($4.14).
Chemring Group plc (LON:CHG) opened at 213.50 on Monday. Chemring Group plc has a one year low of GBX 186.30 and a one year high of GBX 323.20. The stock has a 50-day moving average of GBX 242.3 and a 200-day moving average of GBX 236.2. The company’s market cap is £412.7 million.
Chemring Group PLC is a United Kingdom-based company engaged in the design, manufacture and sale of counter- improvised explosive device (LON:CHG) equipment, countermeasures, pyrotechnics and munitions.
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