Chemring Group PLC (LON:CHG - Get Free Report) insider James Mortensen bought 9,125 shares of the stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of GBX 329 ($4.18) per share, with a total value of £30,021.25 ($38,165.84).
Chemring Group Stock Performance
Shares of CHG traded down GBX 47 ($0.60) during trading hours on Tuesday, reaching GBX 314.50 ($4.00). 3,189,158 shares of the company's stock traded hands, compared to its average volume of 777,681. Chemring Group PLC has a twelve month low of GBX 309.01 ($3.93) and a twelve month high of GBX 428 ($5.44). The business's fifty day simple moving average is GBX 361.52 and its two-hundred day simple moving average is GBX 378.20. The company has a debt-to-equity ratio of 22.77, a current ratio of 1.27 and a quick ratio of 0.71. The firm has a market capitalization of £852.36 million, a price-to-earnings ratio of 2,903.36, a P/E/G ratio of 1.99 and a beta of 0.68.
Chemring Group Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 1.44%. This is an increase from Chemring Group's previous dividend of $2.60. The ex-dividend date is Thursday, March 20th. Chemring Group's payout ratio is 6,363.64%.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 470 ($5.98) price objective on shares of Chemring Group in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 429.50 ($5.46).
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About Chemring Group
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Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.
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