Shore Capital Reaffirms “Buy” Rating for Chemring Group (LON:CHG)

Shore Capital reissued their buy rating on shares of Chemring Group (LON:CHG) in a research note published on Tuesday morning, MarketBeat reports.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 470 ($5.96) 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.44).

Chemring Group Stock Performance

LON CHG opened at GBX 373.50 ($4.73) on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42. The company has a market capitalization of £1.00 billion, a P/E ratio of 457.30, a P/E/G ratio of 1.99 and a beta of 0.68. Chemring Group has a 12-month low of GBX 297.50 ($3.77) and a 12-month high of GBX 428 ($5.42). The firm has a 50-day moving average price of GBX 328.17 and a two-hundred day moving average price of GBX 357.80.

Chemring Group (LON:CHG) last posted its quarterly earnings data on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share (EPS) for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Analysts anticipate that Chemring Group will post 24.8815166 earnings per share for the current year.

Chemring Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be given a GBX 5.20 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Chemring Group’s previous dividend of $2.60. This represents a dividend yield of 1.44%. Chemring Group’s payout ratio is presently 857.06%.

Insider Activity

In related news, insider James Mortensen acquired 9,125 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of GBX 329 ($4.17) per share, for a total transaction of £30,021.25 ($38,049.75). Corporate insiders own 1.69% of the company’s stock.

Chemring Group Company Profile

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.