Chemring Group (LON:CHG)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They presently have a GBX 205 ($2.78) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 7.44% from the company’s current price.
A number of other analysts have also weighed in on CHG. Liberum Capital reissued a “buy” rating and issued a GBX 225 ($3.05) price target on shares of Chemring Group in a report on Thursday. Berenberg Bank initiated coverage on shares of Chemring Group in a report on Wednesday, January 10th. They set a “buy” rating and a GBX 211 ($2.86) target price for the company. Finally, Peel Hunt initiated coverage on shares of Chemring Group in a report on Tuesday, October 31st. They set an “add” rating and a GBX 185 ($2.51) target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 207.43 ($2.81).
Shares of Chemring Group (CHG) traded up GBX 2.80 ($0.04) during trading on Friday, hitting GBX 190.80 ($2.59). The company has a market capitalization of $533.13 and a P/E ratio of 3,816.00. Chemring Group has a 52 week low of GBX 162 ($2.20) and a 52 week high of GBX 208 ($2.82).
Chemring Group PLC is engaged in offering solutions to protect defense and security markets. The Company operates through three segments: Countermeasures, which is engaged in the development and manufacture of expendable countermeasures for air, sea and land platforms, and land-based electronic warfare equipment; Sensors & Electronics, which is engaged in the development and manufacture of improvised explosive device (IED) detection equipment, chemical and biological threat detection equipment, IED electronic countermeasures, network protection technologies and explosive ordnance disposal equipment, and Energetic Systems, which is engaged in the development, procurement and manufacture of signals and illumination devices and payloads, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile and ammunition components, propellants, warheads, fuses, separation sub-systems, actuators and energetic materials.
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