Chemring Group (LON:CHG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Chemring Group PLC (LON:CHG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 356.92 ($4.63) and traded as high as GBX 385.50 ($5.00). Chemring Group shares last traded at GBX 378 ($4.90), with a volume of 1,782,022 shares traded.

Wall Street Analyst Weigh In

CHG has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($6.09) price target on shares of Chemring Group in a report on Tuesday, December 17th. Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, Chemring Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.57).

Chemring Group Price Performance

The stock has a market cap of £1.02 billion, a price-to-earnings ratio of 462.81, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The business’s 50-day simple moving average is GBX 351.06 and its two-hundred day simple moving average is GBX 356.92. 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 (LON:CHG) last issued its quarterly earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) EPS for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Research analysts expect that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

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. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Chemring Group’s previous dividend of $2.60. Chemring Group’s payout ratio is 857.06%.

Insider Transactions at Chemring Group

In related news, insider Sarah Ellard sold 27,445 shares of Chemring Group stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.38), for a total transaction of £113,896.75 ($147,687.69). 1.69% of the stock is owned by company 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.