Chemring Group (LON:CHG)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a research report issued to clients and investors on Thursday. They presently have a GBX 225 ($3.05) price objective on the stock. Liberum Capital’s price target indicates a potential upside of 17.92% from the company’s previous close.
CHG has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on Chemring Group from GBX 210 ($2.85) to GBX 205 ($2.78) and set a “neutral” rating for the company in a report on Friday, January 5th. Berenberg Bank assumed coverage on Chemring Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a GBX 211 ($2.86) price target for the company. Finally, Peel Hunt assumed coverage on Chemring Group in a research note on Tuesday, October 31st. They issued an “add” rating and a GBX 185 ($2.51) price target for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Chemring Group currently has a consensus rating of “Buy” and an average price target of GBX 207.43 ($2.81).
Shares of Chemring Group (LON CHG) traded up GBX 2.80 ($0.04) during trading on Thursday, reaching GBX 190.80 ($2.59). Chemring Group has a twelve month low of GBX 162 ($2.20) and a twelve month high of GBX 208 ($2.82). The firm has a market capitalization of $533.13 and a price-to-earnings ratio of 3,816.00.
About Chemring Group
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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