Chemring Group plc (CHG) Rating Reiterated by Peel Hunt

Chemring Group plc (LON:CHG)‘s stock had its “add” rating reiterated by research analysts at Peel Hunt in a report released on Tuesday. They currently have a GBX 185 ($2.43) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 9.63% from the stock’s previous close.

Several other research analysts have also recently issued reports on CHG. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 205 ($2.70) target price on shares of Chemring Group plc in a report on Monday, July 24th. Liberum Capital restated a “buy” rating and issued a GBX 210 ($2.76) target price on shares of Chemring Group plc in a report on Monday, July 31st. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 200 ($2.63) target price on shares of Chemring Group plc in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Chemring Group plc currently has a consensus rating of “Buy” and an average target price of GBX 206.83 ($2.72).

Chemring Group plc (LON CHG) opened at GBX 168.75 ($2.22) on Tuesday. Chemring Group plc has a fifty-two week low of GBX 153.50 ($2.02) and a fifty-two week high of GBX 208 ($2.74).

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