Chemring Group plc’s (CHG) “Buy” Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Chemring Group plc (LON:CHG) in a research note published on Monday, August 7th. They currently have a GBX 210 ($2.73) price target on the stock.

Several other equities research analysts have also recently commented on CHG. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 185 ($2.40) price objective on shares of Chemring Group plc in a research note on Friday, April 21st. Panmure Gordon raised their target price on Chemring Group plc from GBX 190 ($2.47) to GBX 216 ($2.80) and gave the company a buy rating in a report on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 208.20 ($2.70).

Shares of Chemring Group plc (LON:CHG) traded down 0.28% during mid-day trading on Monday, hitting GBX 178.25. 62,175 shares of the company’s stock were exchanged. Chemring Group plc has a 52 week low of GBX 135.25 and a 52 week high of GBX 208.00. The firm has a 50 day moving average price of GBX 181.07 and a 200-day moving average price of GBX 188.12.

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The business also recently declared a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.52%. The ex-dividend date is Thursday, August 31st.

In other Chemring Group plc news, insider Michael Flowers bought 20,000 shares of Chemring Group plc stock in a transaction that occurred on Thursday, June 22nd. The stock was acquired at an average cost of GBX 197 ($2.56) per share, for a total transaction of £39,400 ($51,148.90).

About Chemring Group plc

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