Chemring Group plc (LON:CHG) had its price objective raised by research analysts at JPMorgan Chase & Co. from GBX 130 ($1.61) to GBX 140 ($1.73) in a research report issued on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 3.11% from the company’s current price.

Several other brokerages have also weighed in on CHG. Panmure Gordon restated a “hold” rating and issued a GBX 136 ($1.68) price target on shares of Chemring Group plc in a research note on Friday, September 9th. Liberum Capital restated a “hold” rating on shares of Chemring Group plc in a research note on Wednesday, August 31st. Canaccord Genuity lowered Chemring Group plc to a “hold” rating and cut their price target for the company from GBX 165 ($2.04) to GBX 135 ($1.67) in a research note on Thursday, June 23rd. Finally, Barclays PLC restated an “underweight” rating on shares of Chemring Group plc in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 162.20 ($2.01).

Analyst Recommendations for Chemring Group plc (LON:CHG)

Shares of Chemring Group plc (LON:CHG) traded up 1.94% during midday trading on Monday, reaching GBX 144.50. The company’s stock had a trading volume of 374,428 shares. The stock’s 50 day moving average price is GBX 143.08 and its 200 day moving average price is GBX 136.03. Chemring Group plc has a one year low of GBX 90.25 and a one year high of GBX 205.85.

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In other news, insider Flowers ,Michael acquired 15,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of GBX 133 ($1.65) per share, for a total transaction of £19,950 ($24,690.59).

Chemring Group plc Company Profile

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