Berenberg Bank initiated coverage on shares of Chemring Group (LON:CHG) in a research note released on Wednesday. The brokerage issued a buy rating and a GBX 211 ($2.86) target price on the stock.
Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Chemring Group from GBX 210 ($2.85) to GBX 205 ($2.78) and set a neutral rating for the company in a report on Friday, January 5th. Peel Hunt reissued an add rating and set a GBX 185 ($2.51) price target on shares of Chemring Group in a report on Tuesday, November 14th. Finally, Liberum Capital reissued a buy rating and set a GBX 225 ($3.05) price target on shares of Chemring Group in a report on Tuesday, November 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company 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 mid-day trading on Wednesday. 130,959 shares of the stock were exchanged, compared to its average volume of 158,275. Chemring Group has a 1 year low of GBX 162 ($2.20) and a 1 year high of GBX 208 ($2.82). The stock has a market capitalization of $508.51 and a P/E ratio of 3,640.00.
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About Chemring Group
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