Chemring Group plc (CHG) Receives GBX 211.50 Consensus Target Price from Analysts

Chemring Group plc (LON:CHG) has received an average rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 211.50 ($2.97).

CHG has been the topic of a number of research reports. Berenberg Bank boosted their price objective on Chemring Group from GBX 211 ($2.96) to GBX 228 ($3.20) and gave the stock a “buy” rating in a research note on Thursday, January 25th. Liberum Capital reaffirmed a “buy” rating and set a GBX 225 ($3.15) target price on shares of Chemring Group in a research report on Tuesday, November 14th. Peel Hunt initiated coverage on Chemring Group in a research report on Tuesday, October 31st. They set an “add” rating and a GBX 185 ($2.59) target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on Chemring Group from GBX 210 ($2.94) to GBX 205 ($2.87) and set a “neutral” rating on the stock in a research report on Friday, January 5th.

In other news, insider Michael Flowers sold 49,542 shares of Chemring Group stock in a transaction on Friday, January 26th. The stock was sold at an average price of GBX 193 ($2.71), for a total transaction of £95,616.06 ($134,066.26).

Chemring Group (CHG) traded down GBX 1.80 ($0.03) on Thursday, hitting GBX 185.20 ($2.60). The stock had a trading volume of 281,689 shares, compared to its average volume of 297,142. Chemring Group has a 12 month low of GBX 162 ($2.27) and a 12 month high of GBX 208 ($2.92). The company has a market cap of $517.48 and a P/E ratio of 18,520.00.

The business also recently announced a dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, April 5th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, April 5th. This is a positive change from Chemring Group’s previous dividend of $1.00. This represents a dividend yield of 1.02%.

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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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