Chemring Group plc -13.3% potential downside indicated by Barclays

Chemring Group plc with ticker (LON:CHG) now has a potential downside of -13.3% according to Barclays.



Barclays set a target price of 338 GBX for the company, which when compared to the Chemring Group plc share price of 390 GBX at opening today (17/05/2024) indicates a potential downside of -13.3%. Trading has ranged between 254 (52 week low) and 412 (52 week high) with an average of 542,814 shares exchanging hands daily. The market capitalisation at the time of writing is £1,067,402,337.

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 engaged in the development and manufacture of electronic countermeasures, chemical and biological threat detection equipment and explosive hazard detection (EHD) 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.