Berenberg Bank cut shares of Chemring Group (LON:CHG) to a hold rating in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 190 ($2.48) price objective on the stock, up from their previous price objective of GBX 180 ($2.35).
Separately, Peel Hunt reissued a buy rating on shares of Polar Capital in a research note on Monday, June 3rd.
CHG stock traded down GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 180.40 ($2.36). The company had a trading volume of 215,737 shares, compared to its average volume of 282,499. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 31.94. Chemring Group has a 1 year low of GBX 134 ($1.75) and a 1 year high of GBX 239.50 ($3.13). The company has a market cap of $508.00 million and a P/E ratio of -5.52. The company’s 50-day moving average is GBX 171.07.
About Chemring Group
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 landbased electronic warfare equipment.
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