Chemring Group plc Stock Rating Reaffirmed 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 Monday. They currently have a GBX 140 ($2.32) target price on the stock. Westhouse Securities’ price target points to a potential downside of 38.93% from the company’s current price.
A number of other firms have also recently commented on CHG. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Chemring Group plc in a research note on Wednesday, August 27th. They now have a GBX 328 ($5.44) price target on the stock. Finally, 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 ($4.15) price target on the stock. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 199.20 ($3.31).
Shares of Chemring Group plc (LON:CHG) opened at 230.50 on Monday. Chemring Group plc has a 52 week low of GBX 181.50 and a 52 week high of GBX 323.20. The stock’s 50-day moving average is GBX 211.5 and its 200-day moving average is GBX 231.5. The company’s market cap is £445.5 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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