Berenberg Bank started coverage on shares of Chemring Group (LON:CHG) in a research report sent to investors on Wednesday morning. The brokerage issued a buy rating and a GBX 211 ($2.86) price target on the stock.

A number of other equities analysts also recently weighed in on CHG. Liberum Capital boosted their target price on shares of Chemring Group from GBX 210 ($2.85) to GBX 225 ($3.05) and gave the stock a buy rating in a research note on Friday, October 6th. Peel Hunt began coverage on shares of Chemring Group in a research report on Tuesday, October 31st. They set an add rating and a GBX 185 ($2.51) price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chemring Group from GBX 205 ($2.78) to GBX 210 ($2.85) and gave the stock a neutral rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Chemring Group presently has an average rating of Buy and an average target price of GBX 207.43 ($2.81).

Shares of Chemring Group (LON CHG) remained flat at $GBX 182 ($2.47) during midday trading on Wednesday. The stock had a trading volume of 130,959 shares, compared to its average volume of 158,275. Chemring Group has a one year low of GBX 162 ($2.20) and a one year high of GBX 208 ($2.82). The company has a market capitalization of $508.51 and a P/E ratio of 3,640.00.

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2018/01/13/chemring-group-chg-earns-buy-rating-from-analysts-at-berenberg-bank.html.

Chemring Group Company Profile

Analyst Recommendations for Chemring Group (LON:CHG)

Receive News & Stock Ratings for Chemring Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemring Group and related stocks with our FREE daily email newsletter.