Peel Hunt Reaffirms “Add” Rating for Chemring Group (LON:CHG)

Peel Hunt reaffirmed their add rating on shares of Chemring Group (LON:CHG) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a GBX 200 ($2.61) target price on the stock, up from their previous target price of GBX 180 ($2.35).

Separately, Berenberg Bank lowered Chemring Group to a hold rating and increased their price target for the stock from GBX 180 ($2.35) to GBX 190 ($2.48) in a research note on Wednesday, July 10th.

CHG stock opened at GBX 189.20 ($2.47) on Monday. The company has a 50 day moving average price of GBX 182.32 and a two-hundred day moving average price of GBX 165.42. The company has a debt-to-equity ratio of 31.94, a quick ratio of 0.42 and a current ratio of 0.96. The stock has a market capitalization of $529.86 million and a P/E ratio of -5.79. Chemring Group has a one year low of GBX 134 ($1.75) and a one year high of GBX 233.50 ($3.05).

Chemring Group Company Profile

Chemring Group PLC manufactures and supplies technology electronics and energetic products for defense and security agencies, and defense prime contractors in the United States, the United Kingdom, Australia, and Norway. It operates through three segments: Countermeasures, Sensors, and Energetic. 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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