Chemring Group (LON:CHG) Shares Pass Above 200 Day Moving Average - Here's Why

Chemring Group PLC (LON:CHG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 356.05 ($4.72) and traded as high as GBX 396 ($5.25). Chemring Group shares last traded at GBX 394.50 ($5.23), with a volume of 695,587 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating on shares of Chemring Group in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 429.50 ($5.70).

Chemring Group Stock Performance

The stock has a market capitalization of £1.03 billion, a P/E ratio of 470.16, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a fifty day moving average of GBX 375.74 and a two-hundred day moving average of GBX 356.48. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71.

Chemring Group Increases Dividend

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

Insider Transactions at Chemring Group

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 ($5.51), for a total value of £113,896.75 ($151,116.82). Company insiders own 1.69% of the company's stock.

About Chemring Group

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.