Chemring Group plc (CHG) Given New GBX 205 Price Target at J P Morgan Chase & Co
Chemring Group plc (LON:CHG) had its price target boosted by J P Morgan Chase & Co from GBX 200 ($2.59) to GBX 205 ($2.66) in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 10.81% from the company’s previous close.
Several other analysts have also recently commented on CHG. Liberum Capital raised their price target on Chemring Group plc from GBX 192 ($2.49) to GBX 210 ($2.72) and gave the company a “buy” rating in a report on Friday, March 17th. Panmure Gordon raised their price target on Chemring Group plc from GBX 190 ($2.46) to GBX 216 ($2.80) and gave the company a “buy” rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 191.20 ($2.48).
Chemring Group plc (CHG) traded down 0.80% during mid-day trading on Wednesday, hitting GBX 185.00. The stock had a trading volume of 141,188 shares. The stock has a 50-day moving average price of GBX 183.90 and a 200 day moving average price of GBX 186.21. Chemring Group plc has a 12-month low of GBX 123.00 and a 12-month high of GBX 208.00.
The company also recently disclosed a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.52%. The ex-dividend date is Thursday, August 31st.
TRADEMARK VIOLATION WARNING: “Chemring Group plc (CHG) Given New GBX 205 Price Target at J P Morgan Chase & Co” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/09/chemring-group-plc-chg-given-new-gbx-205-price-target-at-j-p-morgan-chase-co.html.
In other news, insider Michael Flowers acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average cost of GBX 197 ($2.55) per share, with a total value of £39,400 ($51,036.27).
About Chemring Group plc
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.