Chemring Group (CHG) Price Target Lowered to GBX 258 at Barclays
Chemring Group (LON:CHG) had its price objective decreased by Barclays from GBX 266 ($3.39) to GBX 258 ($3.29) in a research note released on Wednesday morning. Barclays currently has an overweight rating on the stock.
Several other brokerages also recently issued reports on CHG. Peel Hunt reissued an under review rating on shares of Chemring Group in a report on Monday, August 13th. Liberum Capital reissued a buy rating and issued a GBX 225 ($2.87) price target on shares of Chemring Group in a report on Thursday, April 19th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 231.20 ($2.95).
Shares of LON CHG opened at GBX 198 ($2.53) on Wednesday. Chemring Group has a 12-month low of GBX 162 ($2.07) and a 12-month high of GBX 207.50 ($2.65).
Chemring Group Company Profile
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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