Chemring Group plc Receives “Buy” Rating from Panmure Gordon (CHG)
Chemring Group plc (LON:CHG)‘s stock had its “buy” rating reiterated by research analysts at Panmure Gordon in a report released on Wednesday. They currently have a GBX 328 ($5.43) price target on the stock. Panmure Gordon’s target price would suggest a potential upside of 43.23% from the company’s current price.
Chemring Group plc (LON:CHG) traded up 0.44% on Wednesday, hitting GBX 230.00. The stock had a trading volume of 495,720 shares. 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 209.2 and a 200-day moving average of GBX 231.7. The company’s market cap is £444.6 million.
CHG has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Chemring Group plc in a research note on Friday, August 15th. They now have a GBX 140 ($2.32) 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 ($4.14) price target on the stock. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Chemring Group plc has a consensus rating of “Hold” and an average price target of GBX 199.20 ($3.30).
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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