Chemring Group (CHG)

Up
Share Price:
628.00p
Market Cap:
£1,708.96m
Change Today:
8.00p
Sector:
Defense and Aeronautics

Berenberg upgrades Chemring to 'buy'

By Iain Gilbert

Date: Friday 06 Jun 2025

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upgraded aerospace and defence firm Chemring from 'hold' to 'buy' on Friday, citing an "energetic outlook".
Berenberg said that the outlook to 2030 was "very bright" for Chemring, stating that it was becoming "increasingly difficult" to ignore the medium-term growth potential in the company's energetics division, which continues to improve, driven by a growing pipeline of expansion opportunities.

The German bank now assumes £120.0m of incremental revenue in energetics by 2030 from capacity expansion beyond the £100.0m it expects from the current programme, and said this total was "likely to be conservative".

Berenberg said Chemring's shares traded on 28x 2025 price-to-earnings ratio for a 19% three-year earnings per share compound annual growth rate. It also noted that this equates to an "undemanding" PEG ratio of 1.5x, at the lower end of European defence peers.

Berenberg also hiked its target price on the stock from 470.0p to 670.0p.



Reporting by Iain Gilbert at Sharecast.com

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Chemring Group Market Data

Currency UK Pounds
Price 628.00p
Change Today 8.00p
52 Week High 640.00p
52 Week Low 460.00p
Volume 699,797
Shares Issued 272.13m
Market Cap £1,708.96m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector