Chemring Group (LON:CHG) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Chemring Group PLC (LON:CHG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 356.45 ($4.63) and traded as high as GBX 387 ($5.03). Chemring Group shares last traded at GBX 373.56 ($4.85), with a volume of 1,554,981 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHG. Jefferies Financial Group reiterated a "buy" rating and set a GBX 470 ($6.10) price target on shares of Chemring Group in a research report on Tuesday, December 17th. Shore Capital reiterated a "buy" rating on shares of Chemring Group in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, Chemring Group has an average rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.58).

Chemring Group Stock Up 2.9 %

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 stock has a 50-day moving average of GBX 360.60 and a two-hundred day moving average of GBX 355.90. The company has a market cap of £1.05 billion, a P/E ratio of 477.51, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be paid a GBX 5.20 ($0.07) dividend. This is a boost from Chemring Group's previous dividend of $2.60. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 1.44%. Chemring Group's dividend payout ratio is 857.06%.

Insiders Place Their Bets

In other 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 ($5.39), for a total value of £113,896.75 ($147,898.65). 1.69% of the stock is currently owned by 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.