Chemring Group (CHG) Downgraded to Underweight at Barclays

Barclays cut shares of Chemring Group (LON:CHG) to an underweight rating in a report issued on Friday. The brokerage currently has GBX 185 ($2.42) target price on the stock, down from their prior target price of GBX 258 ($3.37).

Separately, Peel Hunt reaffirmed an add rating on shares of Chemring Group in a report on Monday, July 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 216.60 ($2.83).

LON CHG traded down GBX 12.50 ($0.16) during mid-day trading on Friday, reaching GBX 196 ($2.56). 667,849 shares of the stock were exchanged, compared to its average volume of 282,499. Chemring Group has a 1 year low of GBX 162 ($2.12) and a 1 year high of GBX 207.50 ($2.71).

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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