Chemring Group (CHG) PT Raised to GBX 195
Other equities analysts have also issued research reports about the stock. Liberum Capital reissued a buy rating and issued a GBX 225 ($3.15) price target on shares of Chemring Group in a report on Thursday, January 18th. Berenberg Bank started coverage on shares of Chemring Group in a research note on Wednesday, January 10th. They issued a buy rating and a GBX 211 ($2.96) target price for the company. 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 note on Friday, January 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of GBX 211.50 ($2.97).
Chemring Group (LON:CHG) opened at GBX 187 ($2.62) on Tuesday. Chemring Group has a fifty-two week low of GBX 162 ($2.27) and a fifty-two week high of GBX 208 ($2.92). The stock has a market cap of $527.54 and a price-to-earnings ratio of 18,700.00.
In related news, insider Michael Flowers sold 7,861 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of GBX 192 ($2.69), for a total value of £15,093.12 ($21,162.54).
Chemring Group Company Profile
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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