Chemring Group (LON:CHG) Hits New 1-Year High - Here's Why

Chemring Group PLC (LON:CHG - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 425 ($5.49) and last traded at GBX 418.50 ($5.41), with a volume of 1560110 shares changing hands. The stock had previously closed at GBX 403 ($5.21).

Analysts Set New Price Targets

Several analysts have recently weighed in on CHG shares. Jefferies Financial Group restated a "buy" rating and set a GBX 470 ($6.08) target price on shares of Chemring Group in a research note on Tuesday, December 17th. Shore Capital restated a "buy" rating on shares of Chemring Group in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.55).

Chemring Group Stock Down 2.9 %

The firm has a market capitalization of £1.10 billion, a price-to-earnings ratio of 500.77, a P/E/G ratio of 1.99 and a beta of 0.68. The stock has a 50 day moving average of GBX 339.85 and a 200 day moving average of GBX 357.24. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42.

Chemring Group (LON:CHG - Get Free Report) last posted its quarterly earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) EPS for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. As a group, analysts expect that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

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Chemring Group Increases Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, March 20th. This represents a yield of 1.44%. This is a boost from Chemring Group's previous dividend of $2.60. Chemring Group's dividend payout ratio (DPR) is currently 857.06%.

Insiders Place Their Bets

In other Chemring Group news, insider Sarah Ellard sold 27,445 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.36), for a total value of £113,896.75 ($147,229.51). Also, insider James Mortensen bought 9,125 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of GBX 329 ($4.25) per share, for a total transaction of £30,021.25 ($38,807.20). 1.69% of the stock is currently owned by corporate insiders.

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.