Chemring Group plc (LON:CHG) had its target price boosted by investment analysts at Canaccord Genuity from GBX 135 ($1.69) to GBX 160 ($2.00) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 0.47% from the company’s current price.

Several other research firms have also commented on CHG. Panmure Gordon reissued a “hold” rating and issued a GBX 136 ($1.70) price objective on shares of Chemring Group plc in a research note on Friday, September 9th. Liberum Capital reissued a “hold” rating on shares of Chemring Group plc in a research note on Wednesday, August 31st. Barclays PLC reissued an “underweight” rating and issued a GBX 115 ($1.44) price objective on shares of Chemring Group plc in a research note on Thursday, October 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Chemring Group plc from GBX 130 ($1.62) to GBX 140 ($1.75) and gave the company a “neutral” rating in a research note on Monday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 170.17 ($2.13).

Analyst Recommendations for Chemring Group plc (LON:CHG)

Chemring Group plc (LON:CHG) opened at 160.2316 on Tuesday. The firm’s 50-day moving average is GBX 147.23 and its 200-day moving average is GBX 138.27. Chemring Group plc has a 52 week low of GBX 90.25 and a 52 week high of GBX 179.13.

Chemring Group plc Company Profile

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