Chemring Group plc (LON:CHG) had its price objective raised by stock analysts at Liberum Capital from GBX 210 ($2.79) to GBX 225 ($2.98) in a report issued on Friday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective would indicate a potential upside of 26.05% from the company’s current price.

Other research analysts also recently issued reports about the stock. Panmure Gordon boosted their price objective on shares of Chemring Group plc from GBX 190 ($2.52) to GBX 216 ($2.87) and gave the company a “buy” rating in a research report on Thursday, June 22nd. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 200 ($2.65) price objective on shares of Chemring Group plc in a research report on Thursday, August 17th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 205 ($2.72) price objective on shares of Chemring Group plc in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 211.20 ($2.80).

Shares of Chemring Group plc (LON:CHG) traded up 4.08% during trading on Friday, hitting GBX 178.50. 595,706 shares of the company’s stock were exchanged. The stock’s 50 day moving average is GBX 177.37 and its 200 day moving average is GBX 183.91. Chemring Group plc has a 1-year low of GBX 140.00 and a 1-year high of GBX 208.00. The firm’s market capitalization is GBX 498.42 million.

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