Time to Buy Chemring Group plc After Today’s Huge Increase?

 Time to Buy Chemring Group plc After Today's Huge Increase?

The stock of Chemring Group plc (LON:CHG) is a huge mover today! The stock increased 1.77% or GBX 2.75 on November 10, hitting GBX 158.25. About 577,963 shares traded hands or 50.00% up from the average. Chemring Group plc (LON:CHG) has risen 12.27% since April 12, 2016 and is uptrending. It has outperformed by 6.63% the S&P500.
The move comes after 8 months positive chart setup for the GBX 441.88M company. It was reported on Nov, 10 by Barchart.com. We have GBX 278.52 PT which if reached, will make LON:CHG worth GBX 335.83 million more.

Chemring Group plc (LON:CHG) Ratings Coverage

Out of 7 analysts covering Chemring Group PLC (LON:CHG), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Chemring Group PLC has been the topic of 44 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, January 7 the stock rating was maintained by Barclays Capital with “Underweight”. Canaccord Genuity maintained Chemring Group plc (LON:CHG) on Thursday, September 1 with “Hold” rating. Liberum Capital maintained Chemring Group plc (LON:CHG) on Wednesday, August 31 with “Hold” rating. Barclays Capital maintained it with “Underweight” rating and GBX 205 target price in Monday, September 21 report. The company was maintained on Tuesday, October 27 by Liberum Capital. The firm has “Buy” rating given on Thursday, November 3 by Liberum Capital. The stock of Chemring Group plc (LON:CHG) earned “Hold” rating by Liberum Capital on Wednesday, February 17. JP Morgan maintained the stock with “Neutral” rating in Friday, April 8 report. The firm has “Neutral” rating by JP Morgan given on Thursday, October 1. The rating was maintained by JP Morgan on Monday, September 14 with “Neutral”.

Another recent and important Chemring Group plc (LON:CHG) news was published by Fool.Co.Uk which published an article titled: “Is Plummeting Chemring Group Plc Or Steady BAE Systems Plc The Better Defence Buy?” on January 21, 2016.

Chemring Group PLC is a United Kingdom firm that develops and makes protection solutions for defense and security markets. The company has a market cap of 441.88 million GBP.

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