Chemring Group plc (CHG) Given New GBX 140 Price Target at JPMorgan Chase & Co.
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).
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/chemring-group-plc-chg-given-new-gbx-140-price-target-at-jpmorgan-chase-co.html
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
Receive News & Ratings for Chemring Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemring Group plc and related companies with MarketBeat.com's FREE daily email newsletter.