Chemring Group plc (CHG) Given Consensus Rating of “Buy” by Analysts
Shares of Chemring Group plc (LON:CHG) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 207.67 ($2.73).
Several equities analysts have recently issued reports on CHG shares. Peel Hunt started coverage on Chemring Group plc in a report on Tuesday, October 31st. They issued an “add” rating and a GBX 185 ($2.43) target price for the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 225 ($2.96) target price on shares of Chemring Group plc in a report on Tuesday, November 14th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 200 ($2.63) target price on shares of Chemring Group plc in a report on Thursday, August 17th. Finally, J P Morgan Chase & Co upped their target price on Chemring Group plc from GBX 205 ($2.70) to GBX 210 ($2.76) and gave the company a “neutral” rating in a report on Wednesday, November 15th.
Shares of Chemring Group plc (LON CHG) opened at GBX 174 ($2.29) on Friday. Chemring Group plc has a 52 week low of GBX 162 ($2.13) and a 52 week high of GBX 208 ($2.74).
About Chemring Group plc
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