Chemring Group plc with ticker (LON:CHG) now has a potential upside of 46.0% according to Jefferies.
CHG.L
Jefferies set a target price of 470 GBX for the company, which when compared to the Chemring Group plc share price of 322 GBX at opening today (20/12/2024) indicates a potential upside of 46.0%. Trading has ranged between 311 (52 week low) and 428 (52 week high) with an average of 1,052,705 shares exchanging hands daily. The market capitalisation at the time of writing is £870,712,263.
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 also engaged in the development and manufacture of electronic countermeasures and biological threat detection 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 46.0% potential upside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
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.
Chemring Group PLC reports strong 2024 results with an 8% revenue increase, a record order book, and strategic investments in expansion projects.
Chemring Group's Norwegian arm secures a 12-year deal with Diehl Defence for €231m MCX supply; US branch lands $106m missile component contract.
Chemring Group PLC reports robust trading for the period ending 30 September 2024, with strong order intake and a growing order book, despite forex challenges.
