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Chemring Group plc 8.9% Potential Upside Indicated by Berenberg

Chemring Group plc with EPIC/TICKER (LON:CHG) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg. Chemring Group plc are listed in the Industrials sector within UK Main Market. Berenberg have set their target price at 221 GBX on its stock. This now indicates the analyst believes there is a possible upside of 8.9% from today’s opening price of 203 GBX. Over the last 30 and 90 trading days the company share price has decreased 19 points and decreased 23 points respectively. The 1 year high share price is 239.5 GBX while the year low stock price is currently 163 GBX.

Chemring Group plc has a 50 day moving average of 214.64 GBX and the 200 Day Moving Average price is recorded at 211.39. There are currently 279,893,222 shares in issue with the average daily volume traded being 350,990. Market capitalisation for LON:CHG is £567,373,099 GBP.