Numis Securities Ltd Reiterates Buy Rating for Chemring Group plc (CHG)
Chemring Group plc (LON:CHG)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 30 ($0.51) price objective on the stock. Numis Securities Ltd’s price target would suggest a potential downside of 85.90% from the company’s current price.
Chemring Group plc (LON:CHG) opened at 213.25 on Thursday. 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 217.7 and its 200-day moving average is GBX 237.. The company’s market cap is £412.2 million.
A number of other firms have also recently commented on CHG. Analysts at Westhouse Securities initiated coverage on shares of Chemring Group plc in a research note on Thursday. They set a “sell” rating and a GBX 150 ($2.55) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Chemring Group plc from GBX 260 ($4.41) to GBX 245 ($4.16) in a research note on Thursday, June 12th. They now have a “neutral” rating on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Chemring Group plc in a research note on Tuesday, June 10th. They now have a GBX 260 ($4.41) price target on the stock. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 198.56 ($3.37).
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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