Jefferies Financial Group reaffirmed their buy rating on shares of Chemring Group (LON:CHG - Free Report) in a research report released on Tuesday, Marketbeat reports. The firm currently has a GBX 470 ($5.96) target price on the stock.
Chemring Group Stock Down 13.0 %
Shares of CHG stock traded down GBX 47 ($0.60) during mid-day trading on Tuesday, hitting GBX 314.50 ($3.99). 3,617,586 shares of the stock traded hands, compared to its average volume of 777,681. Chemring Group has a 52-week low of GBX 309.01 ($3.92) and a 52-week high of GBX 428 ($5.43). The stock has a market cap of £852.36 million, a P/E ratio of 2,903.36, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 22.77, a current ratio of 1.27 and a quick ratio of 0.71. The stock's fifty day moving average is GBX 361.52 and its two-hundred day moving average is GBX 378.20.
Chemring Group Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be issued a GBX 5.20 ($0.07) dividend. This is a positive change from Chemring Group's previous dividend of $2.60. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 20th. Chemring Group's payout ratio is currently 6,363.64%.
Insider Transactions at Chemring Group
In related news, insider James Mortensen bought 9,125 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of GBX 329 ($4.17) per share, for a total transaction of £30,021.25 ($38,088.37). Insiders own 1.69% of the company's stock.
About Chemring Group
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Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.
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