Liberum Capital reissued their buy rating on shares of Chemring Group (LON:CHG) in a research report report published on Thursday, January 18th. Liberum Capital currently has a GBX 225 ($3.11) price objective on the stock.
A number of other research firms have also recently commented on CHG. Peel Hunt reaffirmed an add rating and set a GBX 185 ($2.56) price objective on shares of Chemring Group in a research report on Tuesday, November 14th. Berenberg Bank initiated coverage on Chemring Group in a report on Wednesday, January 10th. They set a buy rating and a GBX 211 ($2.92) target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on Chemring Group from GBX 205 ($2.83) to GBX 210 ($2.90) and gave the stock a neutral rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Chemring Group currently has a consensus rating of Buy and an average price target of GBX 211.50 ($2.92).
Chemring Group (LON CHG) opened at GBX 185 ($2.56) on Thursday. Chemring Group has a 52-week low of GBX 162 ($2.24) and a 52-week high of GBX 208 ($2.87). The company has a market cap of $520.52 and a price-to-earnings ratio of 18,500.00.
The business also recently declared a dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, April 5th will be paid a GBX 2 ($0.03) dividend. This represents a yield of 1.02%. The ex-dividend date is Thursday, April 5th. This is an increase from Chemring Group’s previous dividend of $1.00.
In other Chemring Group news, insider Michael Flowers sold 7,861 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of GBX 192 ($2.65), for a total transaction of £15,093.12 ($20,852.61).
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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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