Royal Bank Of Canada Boosts Chemring Group Target Price to £680
Chemring Group (LON:CHG) has seen its target price increased by Royal Bank Of Canada from GBX 580 to GBX 680 in a recent report. This represents a potential upside of 5.67% from the company's current price, which is GBX 643.50 as of Monday.
The brokerage currently has an 'outperform' rating on the stock and joins other analysts who have also issued positive reports about Chemring Group. Berenberg Bank recently increased its target price to GBX 660 with a 'buy' rating, while Jefferies Financial Group reaffirmed a 'buy' rating and set a price target of GBX 658.
Deutsche Bank Aktiengesellschaft also reaffirmed a 'buy' rating and set a price objective of GBX 650. Five research analysts have rated the stock with a 'Buy' rating, giving Chemring Group a consensus rating of 'Buy' with an average price target of GBX 637.