Chemring Group plc (CHG) Given Equal weight Rating at Barclays PLC
Chemring Group plc (LON:CHG)‘s stock had its “equal weight” rating reiterated by Barclays PLC in a research note issued on Thursday. They currently have a GBX 200 ($2.60) price target on the stock. Barclays PLC’s price target indicates a potential upside of 12.68% from the stock’s previous close.
CHG has been the subject of several other research reports. Liberum Capital restated a “buy” rating and issued a GBX 210 ($2.73) price objective on shares of Chemring Group plc in a report on Monday, August 7th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 205 ($2.66) price objective on shares of Chemring Group plc in a report on Monday, July 24th. Finally, Panmure Gordon upped their price objective on Chemring Group plc from GBX 190 ($2.47) to GBX 216 ($2.80) and gave the company a “buy” rating in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 208.20 ($2.70).
Shares of Chemring Group plc (LON CHG) traded down 0.70% during midday trading on Thursday, hitting GBX 177.50. The company had a trading volume of 100,483 shares. The stock’s 50-day moving average price is GBX 180.82 and its 200-day moving average price is GBX 188.04. Chemring Group plc has a 12 month low of GBX 135.25 and a 12 month high of GBX 208.00.
In related news, insider Michael Flowers bought 20,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were bought at an average cost of GBX 197 ($2.56) per share, with a total value of £39,400 ($51,148.90).
About Chemring Group plc
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