Chemring Group plc Given Consensus Recommendation of “Hold” by Analysts (LON:CHG)
Shares of Chemring Group plc (LON:CHG) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, Stock Ratings News reports. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 199.20 ($3.31).
Shares of Chemring Group plc (LON:CHG) traded up 0.98% during mid-day trading on Tuesday, hitting GBX 232.25. 51,931 shares of the company’s stock traded hands. 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 212.7 and its 200-day moving average is GBX 230.8. The company’s market cap is £448.9 million.
CHG has been the subject of a number of recent research reports. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Chemring Group plc in a research note on Monday. They now have a GBX 140 ($2.32) price target on the stock. Separately, 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.
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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