Chemring Group plc (LON:CHG) Price Target Raised to GBX 205
Chemring Group plc (LON:CHG) had its price objective boosted by J P Morgan Chase & Co from GBX 200 ($2.59) to GBX 205 ($2.66) in a research note issued to investors on Wednesday. They currently have a neutral rating on the stock.
A number of other research firms have also weighed in on CHG. Liberum Capital restated a buy rating and issued a GBX 210 ($2.72) target price on shares of Chemring Group plc in a report on Friday, April 7th. Panmure Gordon upped their target price on shares of Chemring Group plc from GBX 190 ($2.46) to GBX 216 ($2.80) and gave the stock a buy rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Chemring Group plc presently has an average rating of Hold and a consensus price target of GBX 191.20 ($2.48).
Shares of Chemring Group plc (LON:CHG) opened at 181.50 on Wednesday. Chemring Group plc has a 52-week low of GBX 123.00 and a 52-week high of GBX 208.00. The company has a 50 day moving average price of GBX 183.90 and a 200-day moving average price of GBX 186.21.
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The company also recently disclosed a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 0.52%.
In other news, insider Michael Flowers acquired 20,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of GBX 197 ($2.55) per share, for a total transaction of £39,400 ($51,036.27).
Chemring Group plc Company Profile
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