Chemring Group plc with ticker (LON:CHG) now has a potential downside of -13.3% according to Barclays.
Barclays set a target price of 338 GBX for the company, which when compared to the Chemring Group plc share price of 390 GBX at opening today (17/05/2024) indicates a potential downside of -13.3%. Trading has ranged between 254 (52 week low) and 412 (52 week high) with an average of 542,814 shares exchanging hands daily. The market capitalisation at the time of writing is £1,067,402,337.
Chemring Group PLC is a United Kingdom-based technology solutions company. The Company operates through two segments: Sensors & Information and Countermeasures & Energetics. Its Sensors & Information segment is engaged in providing consulting and technology services to solve security-critical issues. Its Sensors & Information segment is engaged in the development and manufacture of electronic countermeasures, chemical and biological threat detection equipment and explosive hazard detection (EHD) equipment. Its Countermeasures & Energetics segment is engaged in the development and manufacture of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators and energetic materials. Its customer base spans national defense organizations, security and law enforcement agencies, as well as commercial markets, such as space and transport.
Chemring Group plc -13.3% potential downside indicated by Barclays
- Written by: Charlotte Edwards
Latest Company News
Chemring has secured a sole source FRP contract for the JBTDS programme, with a $48.8m ceiling and work through June 2029.
Chemring has signed agreements with the US Department of War to resume sustained manufacturing operations at Alloy Surfaces Company.
Chemring reported H1 2026 revenue up 7% to £237.3m, with a record £1.4bn order book and unchanged full-year expectations. Underlying operating profit fell 8% to £24.5m as the group continued investing in Energetics capacity.
Chemring has agreed to acquire Landguard Nexus Limited and its subsidiaries for up to £20 million to strengthen its Roke division.
Chemring Group has confirmed that its joint study with the Norwegian Government to expand military explosives production will move to a second phase.
Chemring Group’s Roke secures a vital £251m UK Ministry of Defence contract for missile defence, enhancing national security and technological capabilities through the STORM initiative.
