Chemring Group plc (LON:CHG) PT Raised to GBX 205 at J P Morgan Chase & Co

Chemring Group plc (LON:CHG) had its price target increased by stock analysts at J P Morgan Chase & Co from GBX 200 ($2.61) to GBX 205 ($2.67) in a report issued on Wednesday, July 5th. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 14.21% from the company’s previous close.

Several other brokerages also recently commented on CHG. Liberum Capital reissued a “buy” rating and issued a GBX 210 ($2.74) price target on shares of Chemring Group plc in a report on Tuesday, July 4th. Panmure Gordon raised their price target on shares of Chemring Group plc from GBX 190 ($2.48) to GBX 216 ($2.81) and gave the company a “buy” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Chemring Group plc has an average rating of “Hold” and an average target price of GBX 191.20 ($2.49).

Shares of Chemring Group plc (CHG) traded up 0.28% on Wednesday, reaching GBX 179.50. The company’s stock had a trading volume of 216,398 shares. The company’s 50 day moving average is GBX 184.32 and its 200-day moving average is GBX 188.16. Chemring Group plc has a 1-year low of GBX 128.00 and a 1-year high of GBX 208.00.

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In related news, insider Michael Flowers purchased 20,000 shares of Chemring Group plc stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average price of GBX 197 ($2.57) per share, for a total transaction of £39,400 ($51,328.82).

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