Chemring Group PLC (LON:CHG - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 311 ($3.91) and last traded at GBX 322 ($4.05), with a volume of 3798911 shares. The stock had previously closed at GBX 314.50 ($3.95).
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 470 ($5.91) target price on shares of Chemring Group in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 429.50 ($5.40).
Read Our Latest Stock Report on Chemring Group
Chemring Group Trading Up 2.4 %
The firm's 50-day simple moving average is GBX 359.63 and its 200-day simple moving average is GBX 377.31. The firm has a market capitalization of £872.68 million, a PE ratio of 2,927.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 22.77.
Chemring Group Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 5.20 ($0.07) per share. 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 is Thursday, March 20th. Chemring Group's dividend payout ratio is currently 6,363.64%.
Insider Buying and Selling at Chemring Group
In other Chemring Group news, insider James Mortensen bought 9,125 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of GBX 329 ($4.14) per share, for a total transaction of £30,021.25 ($37,743.59). Corporate insiders own 1.69% of the company's stock.
Chemring Group Company Profile
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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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