Chemring Group plc (CHG) Receives “Buy” Rating from Liberum Capital
Chemring Group plc (LON:CHG)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 210 ($2.77) price target on the stock. Liberum Capital’s target price indicates a potential upside of 16.83% from the stock’s current price.
Several other equities analysts also recently commented on the stock. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 205 ($2.70) price target on shares of Chemring Group plc in a research note on Monday, July 24th. Panmure Gordon boosted their target price on shares of Chemring Group plc from GBX 190 ($2.51) to GBX 216 ($2.85) and gave the stock a “buy” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 191.20 ($2.52).
Shares of Chemring Group plc (LON CHG) opened at 178.75 on Monday. The stock’s 50 day moving average price is GBX 183.96 and its 200 day moving average price is GBX 188.46. Chemring Group plc has a one year low of GBX 123.00 and a one year high of GBX 208.00.
In other news, insider Michael Flowers bought 20,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average price of GBX 197 ($2.60) per share, for a total transaction of £39,400 ($51,972.04).
About Chemring Group plc
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