Berenberg Bank cut shares of Chemring Group (LON:CHG) to a hold rating in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. Berenberg Bank currently has GBX 190 ($2.48) price objective on the stock, up from their previous price objective of GBX 180 ($2.35).
Separately, Peel Hunt reaffirmed a buy rating on shares of Polar Capital in a report on Monday, June 3rd.
LON:CHG opened at GBX 176 ($2.30) on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 31.94. The firm has a market capitalization of $492.88 million and a P/E ratio of -5.38. Chemring Group has a one year low of GBX 134 ($1.75) and a one year high of GBX 239.50 ($3.13). The stock has a 50-day moving average price of GBX 171.66.
About Chemring Group
Chemring Group PLC manufactures and supplies technology electronics and energetic products for defense and security agencies, and defense prime contractors in the United States, the United Kingdom, Australia, and Norway. It operates through three segments: Countermeasures, Sensors, and Energetic. The Countermeasures segment designs, develops, manufactures, and sells expendable countermeasures for protecting air, sea, and land platforms; and landbased electronic warfare equipment.
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