Chemring Group plc (CHG) Given Average Rating of “Buy” by Brokerages
Shares of Chemring Group plc (LON:CHG) have been assigned an average rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Three 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 analysts that have issued ratings on the stock in the last year is GBX 211.50 ($2.97).
Several brokerages have recently weighed in on CHG. Peel Hunt boosted their price target on shares of Chemring Group from GBX 185 ($2.59) to GBX 195 ($2.73) and gave the company an “add” rating in a research report on Tuesday. Liberum Capital reissued a “buy” rating and set a GBX 225 ($3.15) price target on shares of Chemring Group in a research report on Thursday, February 1st. Berenberg Bank boosted their price target on shares of Chemring Group from GBX 211 ($2.96) to GBX 228 ($3.20) and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 205 ($2.87) target price on shares of Chemring Group in a research report on Friday, January 19th.
Chemring Group (LON CHG) opened at GBX 189.60 ($2.66) on Thursday. The firm has a market cap of $530.42 and a PE ratio of 18,960.00. Chemring Group has a 1 year low of GBX 162 ($2.27) and a 1 year high of GBX 208 ($2.92).
In other Chemring Group news, insider Michael Flowers sold 49,542 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of GBX 193 ($2.71), for a total value of £95,616.06 ($134,066.26).
About Chemring Group
Chemring Group PLC is engaged in offering solutions to protect defense and security markets. The Company operates through three segments: Countermeasures, which is engaged in the development and manufacture of expendable countermeasures for air, sea and land platforms, and land-based electronic warfare equipment; Sensors & Electronics, which is engaged in the development and manufacture of improvised explosive device (IED) detection equipment, chemical and biological threat detection equipment, IED electronic countermeasures, network protection technologies and explosive ordnance disposal equipment, and Energetic Systems, which is engaged in the development, procurement and manufacture of signals and illumination devices and payloads, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile and ammunition components, propellants, warheads, fuses, separation sub-systems, actuators and energetic materials.
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