Chemring Group (LON:CHG) Hits New 12-Month High at $365.00

Chemring Group PLC (LON:CHGGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 365 ($4.58) and last traded at GBX 353.50 ($4.43), with a volume of 2203 shares changing hands. The stock had previously closed at GBX 353.50 ($4.43).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CHG shares. Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a report on Monday, December 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 370 ($4.64) price target on shares of Chemring Group in a research report on Monday, November 13th.

Check Out Our Latest Research Report on CHG

Chemring Group Price Performance

The company has a current ratio of 1.29, a quick ratio of 0.71 and a debt-to-equity ratio of 5.49. The firm has a market cap of £963.59 million, a price-to-earnings ratio of 2,723.08, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70. The stock has a 50-day moving average of GBX 344.44 and a two-hundred day moving average of GBX 308.07.

Chemring Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 21st will be given a GBX 4.60 ($0.06) dividend. This is a positive change from Chemring Group’s previous dividend of $2.30. The ex-dividend date is Thursday, March 21st. This represents a dividend yield of 1.4%. Chemring Group’s dividend payout ratio (DPR) is 5,384.62%.

Insider Activity at Chemring Group

In other Chemring Group news, insider Michael Ord sold 175,559 shares of the firm’s stock in a transaction dated Monday, January 15th. The stock was sold at an average price of GBX 348 ($4.36), for a total transaction of £610,945.32 ($765,883.57). In other Chemring Group news, insider Andrew Lewis sold 45,954 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 338 ($4.24), for a total transaction of £155,324.52 ($194,715.46). Also, insider Michael Ord sold 175,559 shares of the firm’s stock in a transaction dated Monday, January 15th. The stock was sold at an average price of GBX 348 ($4.36), for a total value of £610,945.32 ($765,883.57). Insiders sold 273,075 shares of company stock worth $93,768,502 in the last quarter. 1.82% of the stock is owned by company insiders.

About Chemring Group

(Get Free Report)

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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