Chemring Group (LON:CHG) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Chemring Group PLC (LON:CHG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 356.92 ($4.61) and traded as high as GBX 385.50 ($4.98). Chemring Group shares last traded at GBX 378 ($4.88), with a volume of 1,782,022 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 470 ($6.07) target price on shares of Chemring Group in a research note on Tuesday, December 17th. Shore Capital reaffirmed a "buy" rating on shares of Chemring Group in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Chemring Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.55).

Chemring Group Stock Up 1.5 %

The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The company has a fifty day simple moving average of GBX 351.95 and a two-hundred day simple moving average of GBX 356.40. The firm has a market capitalization of £1.01 billion, a PE ratio of 459.14, a PEG ratio of 1.99 and a beta of 0.68.

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 dividend of GBX 5.20 ($0.07) per share. This represents a yield of 1.44%. This is a boost from Chemring Group's previous dividend of $2.60. The ex-dividend date is Thursday, March 20th. Chemring Group's dividend payout ratio is presently 857.06%.

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Insider Activity

In other Chemring Group news, insider Sarah Ellard sold 27,445 shares of Chemring Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.36), for a total value of £113,896.75 ($147,077.41). 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.