David Farrell, an analyst from Jefferies, maintained the Buy rating on Chemring (CHG – Research Report). The associated price target was raised to p530.00.
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David Farrell has given his Buy rating due to a combination of factors that suggest a positive outlook for Chemring. The company has shown a strong order intake year-to-date, which is helping the market look past the current year’s weak earnings per share (EPS) momentum. This positive order trend is expected to contribute to a compound annual growth rate (CAGR) of over 20% in EPS from fiscal year 2025 to 2028.
Additionally, the expansion of new Energetics capacity and a return to robust growth in Roke are key drivers for this anticipated EPS growth. Farrell also notes the potential for ongoing re-rating as Chemring’s EBITA margin continues to expand, further supporting the Buy recommendation.
According to TipRanks, Farrell is ranked #1642 out of 9536 analysts.
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