Chemring Group (LON:CHG)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a report issued on Wednesday, February 14th. They currently have a GBX 205 ($2.83) price target on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 7.33% from the company’s previous close.
Several other analysts have also commented on the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 185 ($2.56) price objective on shares of Chemring Group in a report on Tuesday, November 14th. Liberum Capital reiterated a “buy” rating and set a GBX 225 ($3.11) target price on shares of Chemring Group in a research report on Thursday, January 18th. Finally, Berenberg Bank began coverage on Chemring Group in a research report on Wednesday, January 10th. They set a “buy” rating and a GBX 211 ($2.92) target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 211.50 ($2.92).
Shares of Chemring Group (CHG) opened at GBX 191 ($2.64) on Wednesday. The company has a market capitalization of $534.52 and a price-to-earnings ratio of 19,100.00. Chemring Group has a fifty-two week low of GBX 162 ($2.24) and a fifty-two week high of GBX 208 ($2.87).
In other Chemring Group news, insider Michael Flowers sold 7,861 shares of the business’s stock in a transaction that occurred 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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About Chemring Group
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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