Chemring Group plc (LON:CHG) has been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 207.43 ($2.81).
CHG has been the topic of a number of recent research reports. Peel Hunt reissued an “add” rating and set a GBX 185 ($2.51) price target on shares of Chemring Group in a research note on Tuesday, November 14th. Liberum Capital lifted their price target on Chemring Group from GBX 210 ($2.85) to GBX 225 ($3.05) and gave the company a “buy” rating in a research note on Friday, October 6th. JPMorgan Chase & Co. lifted their price target on Chemring Group from GBX 205 ($2.78) to GBX 210 ($2.85) and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Finally, Berenberg Bank began coverage on Chemring Group in a research note on Wednesday. They issued a “buy” rating and a GBX 211 ($2.86) price objective on the stock.
Shares of Chemring Group (LON CHG) opened at GBX 182 ($2.47) on Friday. Chemring Group has a 12 month low of GBX 162 ($2.20) and a 12 month high of GBX 208 ($2.82). The company has a market capitalization of $508.51 and a PE ratio of 3,640.00.
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Chemring Group Company Profile
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