Chemring Group (LON:CHG) Price Target Cut to GBX 338 by Analysts at Barclays

Chemring Group (LON:CHG) had its price objective trimmed by Barclays from GBX 345 ($4.33) to GBX 338 ($4.25) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage currently has an underweight rating on the stock.

Separately, Shore Capital restated a buy rating on shares of Chemring Group in a research report on Friday, February 23rd.

Chemring Group Price Performance

Shares of LON:CHG opened at GBX 387.13 ($4.86) on Tuesday. The company has a 50-day simple moving average of GBX 359.63 and a 200-day simple moving average of GBX 341.13. Chemring Group has a one year low of GBX 253.95 ($3.19) and a one year high of GBX 412.14 ($5.18). The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.71 and a current ratio of 1.29. The stock has a market capitalization of £1.06 billion, a price-to-earnings ratio of 2,942.31, a PEG ratio of 1.99 and a beta of 0.70.

Chemring Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 21st were issued a GBX 4.60 ($0.06) dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, March 21st. This is an increase from Chemring Group’s previous dividend of $2.30. Chemring Group’s dividend payout ratio is 5,384.62%.

Insider Buying and Selling at Chemring Group

In other Chemring Group news, insider Michael Ord sold 138,209 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of GBX 358 ($4.50), for a total value of £494,788.22 ($621,593.24). Insiders own 1.77% of the company’s stock.

Chemring Group Company Profile

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.