Chemring Group (CHG) Earns Buy Rating from Analysts at Berenberg Bank
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.
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