Chemring Group (LON:CHG) had its price objective lifted by analysts at Berenberg Bank from GBX 211 ($2.86) to GBX 228 ($3.09) in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 18.75% from the stock’s current price.
A number of other research analysts also recently commented on the stock. Liberum Capital reissued a “buy” rating and set a GBX 225 ($3.05) target price on shares of Chemring Group in a research report on Tuesday, November 14th. Peel Hunt initiated coverage on shares of Chemring Group in a research report on Tuesday, October 31st. They set an “add” rating and a GBX 185 ($2.51) target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Chemring Group from GBX 210 ($2.85) to GBX 205 ($2.78) and set a “neutral” rating on the stock in a research report on Friday, January 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 209.86 ($2.85).
Chemring Group (CHG) opened at GBX 192 ($2.60) on Thursday. The company has a market cap of $541.51 and a PE ratio of 19,200.00. Chemring Group has a 12 month low of GBX 162 ($2.20) and a 12 month 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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