Chemring Group plc (LON:CHG) Receives GBX 170.25 Average Price Target from Analysts
Chemring Group plc (LON:CHG) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 170.25 ($2.22).
A number of analysts recently weighed in on CHG shares. Barclays PLC restated an “underweight” rating on shares of Chemring Group plc in a report on Thursday, August 18th. Panmure Gordon restated a “hold” rating and set a GBX 136 ($1.78) target price on shares of Chemring Group plc in a report on Friday, September 9th. Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.15) target price on shares of Chemring Group plc in a report on Thursday, June 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 130 ($1.70) target price on shares of Chemring Group plc in a report on Wednesday, September 14th. Finally, Liberum Capital restated a “hold” rating on shares of Chemring Group plc in a report on Wednesday, August 31st.
Shares of Chemring Group plc (LON:CHG) opened at 138.50 on Monday. The stock’s 50 day moving average is GBX 140.99 and its 200 day moving average is GBX 135.35. Chemring Group plc has a 52 week low of GBX 90.25 and a 52 week high of GBX 210.62.
In other news, insider Flowers ,Michael purchased 15,000 shares of Chemring Group plc stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of GBX 133 ($1.74) per share, for a total transaction of £19,950 ($26,040.99).
About Chemring Group plc
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