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Research analysts at Panmure Gordon began coverage on shares of Chemring Group plc (LON:CHG) in a report released on Wednesday. The firm set a “buy” rating and a GBX 328 ($5.50) price target on the stock. Panmure Gordon’s price objective points to a potential upside of 49.77% from the stock’s previous close.

Chemring Group plc (LON:CHG) opened at 214.00 on Wednesday. Chemring Group plc has a 1-year low of GBX 181.50 and a 1-year high of GBX 323.20. The stock’s 50-day moving average is GBX 202.8 and its 200-day moving average is GBX 232.9. The company’s market cap is £413.7 million.

A number of other analysts have also recently weighed in on CHG. Analysts at Investec reiterated a “buy” rating on shares of Chemring Group plc in a research note on Wednesday, July 23rd. They now have a GBX 250 ($4.19) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “sell” rating on shares of Chemring Group plc in a research note on Tuesday, July 22nd. They now have a GBX 140 ($2.35) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Chemring Group plc in a research note on Monday, July 21st. They now have a GBX 190 ($3.19) price target on the stock. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 199.20 ($3.34).

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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