Chemring Group plc (CHG) Price Target Raised to GBX 140 at JPMorgan Chase & Co.
Chemring Group plc (LON:CHG) had its price target raised by JPMorgan Chase & Co. from GBX 130 ($1.61) to GBX 140 ($1.73) in a report released on Monday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
CHG has been the subject of a number of other reports. Canaccord Genuity reiterated a buy rating and issued a GBX 165 ($2.04) target price on shares of Chemring Group plc in a research report on Thursday, June 16th. Barclays PLC reiterated an underweight rating on shares of Chemring Group plc in a research report on Thursday, August 18th. Liberum Capital reiterated a hold rating on shares of Chemring Group plc in a research report on Wednesday, August 31st. Finally, Panmure Gordon reiterated a hold rating and issued a GBX 107 ($1.32) target price on shares of Chemring Group plc in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 162.20 ($2.01).
Shares of Chemring Group plc (LON:CHG) opened at 143.15 on Monday. Chemring Group plc has a one year low of GBX 90.25 and a one year high of GBX 205.85. The company’s 50-day moving average is GBX 143.08 and its 200-day moving average is GBX 136.03.
In related news, insider Flowers ,Michael bought 15,000 shares of the stock in a transaction on Thursday, August 11th. The stock was bought at an average price of GBX 133 ($1.65) per share, with a total value of £19,950 ($24,690.59).
About Chemring Group plc
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