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

Chemring Group PLC (LON:CHG - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 357.07 ($4.62) and traded as high as GBX 410 ($5.30). Chemring Group shares last traded at GBX 403 ($5.21), with a volume of 2,831,456 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CHG. Shore Capital restated a "buy" rating on shares of Chemring Group in a research note on Tuesday, February 25th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 470 ($6.07) price objective on shares of Chemring Group in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, Chemring Group presently has an average rating of "Moderate Buy" and an average target price of GBX 429.50 ($5.55).

Chemring Group Price Performance

The stock has a market capitalization of £1.10 billion, a price-to-earnings ratio of 500.77, a PEG ratio of 1.99 and a beta of 0.68. 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 339.85 and a two-hundred day simple moving average of GBX 357.93.

Chemring Group (LON:CHG - Get Free Report) last announced its quarterly earnings data on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. As a group, equities research 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 declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 1.44%. This is a boost from Chemring Group's previous dividend of $2.60. Chemring Group's payout ratio is 857.06%.

Insider Transactions at Chemring Group

In other news, insider Sarah Ellard sold 27,445 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.36), for a total transaction of £113,896.75 ($147,210.48). Also, insider James Mortensen purchased 9,125 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 329 ($4.25) per share, with a total value of £30,021.25 ($38,802.18). 1.69% of the stock is owned by insiders.

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.