Chemring Group plc Given Average Recommendation of “Hold” by Analysts (LON:CHG)
Chemring Group plc (LON:CHG) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, American Banking News reports. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 235.25 ($3.96).
A number of research firms have recently commented on CHG. Analysts at Investec reiterated a “buy” rating on shares of Chemring Group plc in a research note on Tuesday. They now have a GBX 260 ($4.37) price target on the stock. Separately, 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. Finally, 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.
Chemring Group plc (LON:CHG) opened at 225.25 on Wednesday. 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 221.1 and a 200-day moving average of GBX 237.3. The company’s market cap is £435.4 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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