JPMorgan Chase & Co. Boosts Chemring Group plc (CHG) Price Target to GBX 140
Chemring Group plc (LON:CHG) had its price target lifted by JPMorgan Chase & Co. from GBX 130 ($1.70) to GBX 140 ($1.83) in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 4.18% from the company’s current price.
A number of other equities research analysts have also recently weighed in on CHG. Canaccord Genuity reiterated a “hold” rating and issued a GBX 135 ($1.76) price objective on shares of Chemring Group plc in a research note on Thursday, September 1st. Liberum Capital reiterated a “hold” rating on shares of Chemring Group plc in a research note on Wednesday, August 31st. Panmure Gordon reiterated a “hold” rating and issued a GBX 107 ($1.40) price objective on shares of Chemring Group plc in a research note on Thursday, July 14th. Finally, Barclays PLC reiterated an “underweight” rating on shares of Chemring Group plc in a research note on Thursday, August 18th. One 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 162.20 ($2.12).
Shares of Chemring Group plc (LON:CHG) opened at 146.20 on Monday. Chemring Group plc has a 1-year low of GBX 90.25 and a 1-year high of GBX 205.85. The company has a 50-day moving average of GBX 142.94 and a 200-day moving average of GBX 135.76.
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In related news, insider Flowers ,Michael purchased 15,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was acquired at an average price of GBX 133 ($1.74) per share, for a total transaction of £19,950 ($26,040.99).
Chemring Group plc Company Profile
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