Chemring Group plc (CHG) Given “Buy” Rating at Liberum Capital
Chemring Group plc (LON:CHG)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report released on Tuesday, November 14th. They presently have a GBX 225 ($2.96) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 29.31% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Barclays PLC reiterated an “equal weight” rating and set a GBX 200 ($2.63) target price on shares of Chemring Group in a report on Thursday, August 17th. Peel Hunt started coverage on Chemring Group in a report on Tuesday, October 31st. They set an “add” rating and a GBX 185 ($2.43) target price on the stock. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 205 ($2.70) target price on shares of Chemring Group in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 207.67 ($2.73).
Shares of Chemring Group (CHG) traded up GBX 2 ($0.03) during trading hours on Tuesday, reaching GBX 174 ($2.29). The company’s stock had a trading volume of 114,699 shares, compared to its average volume of 501,474. Chemring Group has a 52-week low of GBX 162 ($2.13) and a 52-week high of GBX 208 ($2.74).
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