Chemring Group (LON: CHG)‘s stock had its “overweight” rating restated by equities researchers at JP Morgan Cazenove in a report issued on Thursday. They currently have a $4.51 (300 GBX) target price on the stock.
Chemring Group traded down 1.45% on Thursday, hitting GBX 272.9755. Chemring Group has a 52-week low of GBX 213.70 and a 52-week high of GBX 448.50. The stock’s 50-day moving average is currently GBX 334.2. The company’s market cap is £527.6 million.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Chemring Group in a research note to investors on Thursday. They now have a $4.55 price target on the stock. Separately, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Chemring Group in a research note to investors on Thursday. They now have a $3.87 price target on the stock, up previously from $3.83. Finally, analysts at Investec reiterated a “buy” rating on shares of Chemring Group in a research note to investors on Wednesday. They now have a $5.08 price target on the stock.
Chemring Group PLC is engaged in the design, manufacture and sale of counter-improvised explosive device (IED) equipment, countermeasures, pyrotechnics and munitions.
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