Chemring Group (CHG) PT Lowered to GBX 221 at Berenberg Bank

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Chemring Group (LON:CHG) had its price target lowered by Berenberg Bank from GBX 243 ($3.18) to GBX 221 ($2.89) in a report released on Wednesday. The brokerage currently has a buy rating on the stock.

CHG has been the subject of several other reports. Barclays cut Chemring Group to an underweight rating and reduced their price objective for the company from GBX 258 ($3.37) to GBX 185 ($2.42) in a research report on Friday, October 12th. Peel Hunt reissued an under review rating and issued a GBX 240 ($3.14) price objective on shares of Chemring Group in a research report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 215.20 ($2.81).

CHG opened at GBX 192.60 ($2.52) on Wednesday. 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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