Chemring Group plc Rating Reiterated by Westhouse Securities (CHG)
Chemring Group plc (LON:CHG)‘s stock had its “sell” rating restated by equities research analysts at Westhouse Securities in a research note issued to investors on Friday. They currently have a GBX 140 ($2.35) price objective on the stock. Westhouse Securities’ target price would indicate a potential downside of 36.00% from the stock’s previous close.
Shares of Chemring Group plc (LON:CHG) traded up 4.23% during mid-day trading on Friday, hitting GBX 228.00. 416,388 shares of the company’s stock traded hands. Chemring Group plc has a 52 week low of GBX 181.50 and a 52 week high of GBX 323.20. The stock has a 50-day moving average of GBX 203.8 and a 200-day moving average of GBX 232.7. The company’s market cap is £440.7 million.
A number of other firms have also recently commented on CHG. Analysts at Panmure Gordon initiated coverage on shares of Chemring Group plc in a research note on Wednesday. They set a “buy” rating and a GBX 328 ($5.50) price target on the stock. Separately, 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. 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Chemring Group plc currently 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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