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.

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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

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