Chemring Group (LON:CHG) Reaches New 52-Week Low - What's Next?

Chemring Group PLC (LON:CHG - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 305 ($3.79) and last traded at GBX 314.50 ($3.91), with a volume of 317111 shares. The stock had previously closed at GBX 319 ($3.97).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 470 ($5.85) target price on shares of Chemring Group in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Chemring Group has an average rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.34).

Chemring Group Stock Down 2.6 %

The firm has a 50 day moving average of GBX 335.10 and a two-hundred day moving average of GBX 363.74. The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. The stock has a market capitalization of £824.75 million, a PE ratio of 2,766.48, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG - Get Free Report) last announced its quarterly earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share for the quarter. Chemring Group had a return on equity of 8.29% and a net margin of 0.63%. Equities research analysts anticipate that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

Chemring Group Increases Dividend

The firm 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 ($0.06) dividend. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Chemring Group's previous dividend of $2.60. Chemring Group's dividend payout ratio is 6,363.64%.

Insider Activity

In related news, insider James Mortensen acquired 9,125 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of GBX 329 ($4.09) per share, for a total transaction of £30,021.25 ($37,335.22). Company insiders own 1.69% of the company's stock.

Chemring Group Company Profile

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers' complex needs. Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today's increasingly unstable world. We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success. Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.