Chemring Group plc Given “Buy” Rating at Investec (CHG)
Chemring Group plc (LON:CHG)‘s stock had its “buy” rating restated by analysts at Investec in a research report issued to clients and investors on Tuesday. They currently have a GBX 260 ($4.37) target price on the stock. Investec’s target price would suggest a potential upside of 18.99% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays downgraded shares of Chemring Group plc to an “underweight” rating in a research note on Monday, May 12th. They now have a GBX 200 ($3.36) price target on the stock. Separately, 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. 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 ($3.70) price target on the stock, down previously from GBX 250 ($4.20). Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Chemring Group plc has an average rating of “Hold” and a consensus target price of GBX 235.25 ($3.96).
Shares of Chemring Group plc (LON:CHG) opened at 220.50 on Tuesday. Chemring Group plc has a 52-week low of GBX 186.30 and a 52-week high of GBX 323.20. The stock has a 50-day moving average of GBX 220.9 and a 200-day moving average of GBX 237.0. The company’s market cap is £426.2 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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