Chemring Group plc (CHG) Upgraded to Buy at Liberum Capital
Chemring Group plc (LON:CHG) was upgraded by Liberum Capital to a “buy” rating in a research report issued on Thursday. The brokerage currently has a GBX 175 ($2.17) target price on the stock. Liberum Capital’s price objective would indicate a potential upside of 21.74% from the stock’s current price.
CHG has been the subject of several other research reports. Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.04) price objective on shares of Chemring Group plc in a report on Thursday, June 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 130 ($1.61) price objective on shares of Chemring Group plc in a report on Wednesday, September 14th. Barclays PLC restated an “underweight” rating on shares of Chemring Group plc in a report on Thursday, August 18th. Finally, Panmure Gordon restated a “hold” rating and set a GBX 107 ($1.32) price objective on shares of Chemring Group plc in a report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 164.33 ($2.03).
Chemring Group plc (LON:CHG) opened at 144.0549 on Thursday. Chemring Group plc has a 52-week low of GBX 90.25 and a 52-week high of GBX 200.59. The firm’s 50-day moving average price is GBX 143.26 and its 200-day moving average price is GBX 136.18.
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In related news, insider Flowers ,Michael purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of GBX 133 ($1.65) per share, for a total transaction of £19,950 ($24,690.59).
About Chemring Group plc
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