Citigroup Inc. Lowers Chemring Group plc Price Target to GBX 245 (CHG)
Citigroup Inc. lowered their target price on shares of Chemring Group plc (LON:CHG) from GBX 260 ($4.37) to GBX 245 ($4.12) in a research note issued on Thursday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 9.99% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 233.38 ($3.92).
Shares of Chemring Group plc (LON:CHG) traded down 2.24% on Thursday, hitting GBX 217.75. The stock had a trading volume of 102,408 shares. Chemring Group plc has a 52-week low of GBX 186.30 and a 52-week high of GBX 323.20. The stock’s 50-day moving average is GBX 220.6 and its 200-day moving average is GBX 237.5. The company’s market cap is £420.9 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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