Chemring Group (CHG) Stock Forecast & Price Target

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GBX 383.28

+3.78 (+1.00%)

(As of 05:53 AM ET)

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Chemring Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Consensus Price Target

GBX 416

High Forecast	GBX 460
Average Forecast	GBX 416
Low Forecast	GBX 338

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
Consensus Rating	Moderate Buy	Hold	Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	GBX 416	GBX 354	GBX 370	GBX 358

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CHG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CHG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Chemring Group Stock vs. The Competition

Type	Chemring Group	Industrials Companies
Consensus Rating Score	2.50	2.56
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 450	+19.34%
6/4/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	GBX 415 ➝ GBX 460	+17.44%
6/4/2024	Shore Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
5/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight	GBX 345 ➝ GBX 338	-11.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:18 AM ET.

CHG Forecast - Frequently Asked Questions

What is Chemring Group's stock forecast and purchase recommendation?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Chemring Group is GBX 416, with a high forecast of GBX 460 and a low forecast of GBX 338. The consensus rating for Chemring Group stock is Moderate Buy based on the current 1 sell rating and 3 buy ratings for CHG. Learn more on CHG's analyst rating history.
Do Wall Street analysts like Chemring Group more than its competitors?: Analysts like Chemring Group less than other "industrials" companies. The consensus rating score for Chemring Group is 2.50 while the average consensus rating score for "industrials" companies is 2.56. Learn more on how CHG compares to other companies.
Does Chemring Group's stock price have much upside?: According to analysts, Chemring Group's stock has a predicted upside of 8.35% based on their 12-month stock forecasts.

What analysts cover Chemring Group?: Chemring Group has been rated by research analysts at Barclays, Berenberg Bank, Deutsche Bank Aktiengesellschaft, and Shore Capital in the past 90 days.