Chemring Group plc (CHG) Receives Buy Rating from Liberum Capital

Chemring Group plc (LON:CHG)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research note issued on Monday, July 31st. They presently have a GBX 210 ($2.73) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 18.81% from the company’s current price.

Several other research firms also recently issued reports on CHG. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 205 ($2.67) price objective on shares of Chemring Group plc in a report on Monday, July 24th. Panmure Gordon lifted their price objective on Chemring Group plc from GBX 190 ($2.47) to GBX 216 ($2.81) and gave the stock a “buy” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Chemring Group plc has an average rating of “Hold” and a consensus price target of GBX 191.20 ($2.49).

Shares of Chemring Group plc (LON:CHG) opened at 176.75 on Monday. The company’s 50 day moving average is GBX 182.02 and its 200-day moving average is GBX 188.54. Chemring Group plc has a 1-year low of GBX 130.50 and a 1-year high of GBX 208.00.

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In other Chemring Group plc news, insider Michael Flowers purchased 20,000 shares of Chemring Group plc stock in a transaction on Thursday, June 22nd. The stock was bought at an average price of GBX 197 ($2.57) per share, for a total transaction of £39,400 ($51,308.76).

Chemring Group plc Company Profile

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