After Today’s Huge Increase, Is Chemring Group plc’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Chemring Group plc's Near Term Analysis Positive?

The stock of Chemring Group plc (LON:CHG) is a huge mover today! The stock increased 0.01% or GBX 0.02 on November 24, hitting GBX 168.02. About 78,913 shares traded hands. Chemring Group plc (LON:CHG) has risen 16.46% since April 26, 2016 and is uptrending. It has outperformed by 11.06% the S&P500.
The move comes after 8 months positive chart setup for the GBX 469.16M company. It was reported on Nov, 24 by Barchart.com. We have GBX 174.74 PT which if reached, will make LON:CHG worth GBX 18.77M 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 47 analyst reports since August 12, 2015 according to StockzIntelligence Inc. JP Morgan maintained it with “Neutral” rating and GBX 140 target price in Monday, October 10 report. The stock of Chemring Group plc (LON:CHG) has “Underweight” rating given on Monday, May 23 by Barclays Capital. The rating was maintained by JP Morgan with “Neutral” on Thursday, March 24. The stock of Chemring Group plc (LON:CHG) has “Hold” rating given on Wednesday, February 17 by Liberum Capital. The company was maintained on Thursday, October 1 by JP Morgan. The rating was maintained by JP Morgan on Friday, April 8 with “Neutral”. The rating was maintained by JP Morgan with “Neutral” on Wednesday, September 14. The rating was maintained by Panmure Gordon with “Sell” on Thursday, January 21. JP Morgan maintained the shares of CHG in a report on Monday, July 18 with “Neutral” rating. Liberum Capital maintained the stock with “Hold” rating in Tuesday, October 27 report.

Another recent and important Chemring Group plc (LON:CHG) news was published by Fool.Co.Uk which published an article titled: “Are profits set to soar at Enquest plc & Chemring Group plc?” on November 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 469.16 million GBP.

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