Chemring Group plc (CHG) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Chemring Group plc (LON:CHG) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 206.83 ($2.72).
A number of research analysts have commented on the stock. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 205 ($2.70) price objective on shares of Chemring Group plc in a research note on Monday, July 24th. Liberum Capital restated a “buy” rating and issued a GBX 210 ($2.76) price objective on shares of Chemring Group plc in a research note on Monday, August 7th. Barclays PLC restated an “equal weight” rating and issued a GBX 200 ($2.63) price objective on shares of Chemring Group plc in a research note on Thursday, August 17th. Finally, Peel Hunt assumed coverage on shares of Chemring Group plc in a research note on Tuesday, October 31st. They issued an “add” rating and a GBX 185 ($2.43) price objective on the stock.
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Shares of Chemring Group plc (LON CHG) traded down GBX 1.25 ($0.02) during trading hours on Tuesday, reaching GBX 168.50 ($2.22). 51,126 shares of the company traded hands, compared to its average volume of 344,980. Chemring Group plc has a 12-month low of GBX 145.48 ($1.91) and a 12-month high of GBX 208 ($2.74).
Chemring Group plc Company Profile
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