▲ +10.45% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Chemring Group PLC (CHG.L) in the last 3 months. The average price target is GBX 276.67, with a high forecast of GBX 300 and a low forecast of GBX 250. The average price target represents a 10.45% upside from the last price of GBX 250.50.
The current consensus among 3 investment analysts is to hold stock in Chemring Group PLC (CHG.L). This rating has held steady since April 2019, when it changed from a Buy consensus rating.
Chemring Group PLC supplies countermeasures, sensors, and energetic solutions to aerospace, defense, and security industries in the United States, the United Kingdom, Norway, and Australia. The company operates through two segments, Sensors & Information and Countermeasures & Energetics. The Sensors & Information segment develops and manufactures explosive hazard detection equipment; chemical and biological threat detection equipment; and electronic countermeasures, as well as network protection technologies. The Countermeasures & Energetics segment offers expendable countermeasures for air, sea, and land platforms; cartridge/propellant actuated devices; pyrotechnic devices for satellite launch and deployment; aircraft and space launch systems; missile components; extruded double base propellants; separation sub-systems; actuators; and energetic materials, as well as aircrew egress and safety systems. Chemring Group PLC also exports its products. The company has operations in approximately 50 countries worldwide. Chemring Group PLC was founded in 1905 and is headquartered in Romsey, the United Kingdom.