Chemring Group (CHG) Reaches New 52-Week High at $219.00

Chemring Group (LON:CHG) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 219 ($3.05) and last traded at GBX 213 ($2.97), with a volume of 206784 shares. The stock had previously closed at GBX 213 ($2.97).

CHG has been the topic of several recent analyst reports. Peel Hunt raised their price target on shares of Chemring Group from GBX 195 ($2.72) to GBX 210 ($2.93) and gave the stock an “add” rating in a research note on Tuesday, March 20th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 225 ($3.14) price target on shares of Chemring Group in a research note on Thursday, January 18th. Berenberg Bank initiated coverage on shares of Chemring Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a GBX 211 ($2.94) price target on the stock. Finally, JPMorgan Chase reaffirmed a “neutral” rating and issued a GBX 205 ($2.86) price target on shares of Chemring Group in a research note on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 214 ($2.98).

In related news, insider Michael Flowers sold 7,861 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of GBX 192 ($2.68), for a total value of £15,093.12 ($21,050.38).

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About Chemring Group

Chemring Group PLC develops, manufactures, and sells protection solutions for defense and security markets worldwide. It operates through three segments: Countermeasures, Sensors & Electronics, and Energetic Systems. The Countermeasures segment designs, develops, manufactures, and sells expendable countermeasures for protecting air, sea, and land platforms; and land?based electronic warfare equipment.

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