Chemring Group PLC (LON:CHG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 355.93 ($4.66) and traded as high as GBX 372 ($4.87). Chemring Group shares last traded at GBX 357.24 ($4.67), with a volume of 74,102,586 shares.
Analyst Upgrades and Downgrades
CHG has been the topic of a number of research reports. Jefferies Financial Group reiterated a "buy" rating and set a GBX 470 ($6.15) target price on shares of Chemring Group in a research report on Tuesday, December 17th. Shore Capital reaffirmed a "buy" rating on shares of Chemring Group in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 429.50 ($5.62).
Check Out Our Latest Research Report on Chemring Group
Chemring Group Trading Up 1.8 %
The business's 50 day simple moving average is GBX 368.99 and its 200-day simple moving average is GBX 355.75. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The stock has a market capitalization of £1.00 billion, a P/E ratio of 457.92, a PEG ratio of 1.99 and a beta of 0.68.
Chemring Group Increases Dividend
The business also recently declared a dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 20th were given a GBX 5.20 ($0.07) dividend. This is a positive change from Chemring Group's previous dividend of $2.60. This represents a dividend yield of 1.44%. The ex-dividend date was Thursday, March 20th. Chemring Group's dividend payout ratio (DPR) is currently 857.06%.
Insider Buying and Selling
In other Chemring Group news, insider Sarah Ellard sold 27,445 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.43), for a total value of £113,896.75 ($149,021.00). 1.69% of the stock is owned by insiders.
Chemring Group Company Profile
(
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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.
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