Chemring Group’s (CHG) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Chemring Group (LON:CHG) in a report issued on Wednesday morning. The firm currently has a GBX 205 ($2.83) target price on the stock.

CHG has been the topic of several other reports. Berenberg Bank raised their price objective on Chemring Group from GBX 211 ($2.92) to GBX 228 ($3.15) and gave the stock a buy rating in a report on Thursday, January 25th. Liberum Capital restated a buy rating and set a GBX 225 ($3.11) price objective on shares of Chemring Group in a report on Tuesday, November 14th. Finally, Peel Hunt initiated coverage on Chemring Group in a report on Tuesday, October 31st. They set an add rating and a GBX 185 ($2.56) price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 211.50 ($2.92).

Shares of Chemring Group (LON CHG) opened at GBX 184.40 ($2.55) on Wednesday. Chemring Group has a fifty-two week low of GBX 162 ($2.24) and a fifty-two week high of GBX 208 ($2.87). The firm has a market capitalization of $519.96 and a P/E ratio of 18,440.00.

The company also recently disclosed a dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, April 5th will be issued a dividend of GBX 2 ($0.03) per share. This is an increase from Chemring Group’s previous dividend of $1.00. This represents a yield of 1.02%. The ex-dividend date is Thursday, April 5th.

In other Chemring Group news, insider Michael Flowers sold 7,861 shares of the firm’s stock in a transaction on 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.

Analyst Recommendations for Chemring Group (LON:CHG)

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