Chemring Group (LON:CHG)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 225 ($3.05) target price on the stock. Liberum Capital’s target price would indicate a potential upside of 17.92% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 185 ($2.51) price target on shares of Chemring Group in a report on Tuesday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Chemring Group from GBX 205 ($2.78) to GBX 210 ($2.85) and gave the company a “neutral” rating in a report on Wednesday, November 15th. Finally, Berenberg Bank initiated coverage on shares of Chemring Group in a report on Wednesday, January 10th. They issued a “buy” rating and a GBX 211 ($2.86) price target on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 207.43 ($2.81).
Chemring Group (CHG) traded up GBX 2.80 ($0.04) on Thursday, reaching GBX 190.80 ($2.59). The company has a market cap of $533.13 and a P/E ratio of 3,816.00. Chemring Group has a twelve month low of GBX 162 ($2.20) and a twelve month high of GBX 208 ($2.82).
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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