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Chemring Group plc 9.8% Potential Decrease Indicated by Barclays Capital

Chemring Group plc using EPIC/TICKER code (LON:CHG) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Barclays Capital. Chemring Group plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set their target price at 185 GBX on its stock. This now indicates the analyst believes there is a potential downside of -9.8% from the opening price of 205 GBX. Over the last 30 and 90 trading days the company share price has decreased 8 points and decreased 27 points respectively. The 52 week high share price is 239.5 GBX while the year low share price is currently 163 GBX.

Chemring Group plc has a 50 day moving average of 216.57 GBX and a 200 day moving average of 211.00. There are currently 279,893,222 shares in issue with the average daily volume traded being 314,989. Market capitalisation for LON:CHG is £569,060,549 GBP.