Chemring Group plc (CHG) Upgraded to Buy by Liberum Capital
Liberum Capital upgraded shares of Chemring Group plc (LON:CHG) to a buy rating in a research note issued to investors on Thursday morning. Liberum Capital currently has GBX 175 ($2.17) price target on the stock.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 145 ($1.79) price target on shares of Chemring Group plc in a research report on Wednesday, June 15th. Canaccord Genuity reaffirmed a buy rating and set a GBX 165 ($2.04) price target on shares of Chemring Group plc in a research report on Thursday, June 16th. Barclays PLC reaffirmed an underweight rating on shares of Chemring Group plc in a research report on Thursday, August 18th. Finally, Panmure Gordon reaffirmed a hold rating and set a GBX 107 ($1.32) price target on shares of Chemring Group plc in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 164.33 ($2.03).
Chemring Group plc (LON:CHG) traded up 0.87% on Thursday, hitting GBX 145.25. The stock had a trading volume of 220,982 shares. The stock has a 50 day moving average price of GBX 143.40 and a 200 day moving average price of GBX 136.23. Chemring Group plc has a 1-year low of GBX 90.25 and a 1-year high of GBX 200.59.
In other Chemring Group plc news, insider Flowers ,Michael bought 15,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were acquired at an average cost of GBX 133 ($1.65) per share, for a total transaction of £19,950 ($24,690.59).
About Chemring Group plc
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