Chemring Group PLC (LON:CHG - Get Free Report) insider Sarah Ellard sold 27,445 shares of Chemring Group stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.35), for a total value of £113,896.75 ($146,812.00).
Chemring Group Price Performance
Shares of LON:CHG opened at GBX 418.50 ($5.39) on Thursday. The firm has a market capitalization of £1.12 billion, a PE ratio of 512.40, a PEG ratio of 1.99 and a beta of 0.68. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. Chemring Group PLC has a 1-year low of GBX 297.50 ($3.83) and a 1-year high of GBX 428 ($5.52). The business's 50 day moving average is GBX 336.51 and its 200-day moving average is GBX 357.13.
Chemring Group (LON:CHG - Get Free Report) last posted its quarterly earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Sell-side analysts predict that Chemring Group PLC will post 24.8815166 earnings per share for the current year.
Chemring Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be paid a GBX 5.20 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 1.44%. This is a boost from Chemring Group's previous dividend of $2.60. Chemring Group's payout ratio is presently 857.06%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CHG. Shore Capital reaffirmed a "buy" rating on shares of Chemring Group in a research report on Tuesday, February 25th. Jefferies Financial Group restated a "buy" rating and set a GBX 470 ($6.06) 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 given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 429.50 ($5.54).
Read Our Latest Stock Report on CHG
About Chemring Group
(
Get Free Report)
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.
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