Chemring Group PLC (LON:CHG) Insider Purchases £30,021.25 in Stock

Chemring Group PLC (LON:CHG) insider James Mortensen acquired 9,125 shares of Chemring Group stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of GBX 329 ($4.17) per share, with a total value of £30,021.25 ($38,088.37).

Chemring Group Price Performance

Shares of LON:CHG traded down GBX 47 ($0.60) during midday trading on Tuesday, reaching GBX 314.50 ($3.99). 3,617,586 shares of the company’s stock traded hands, compared to its average volume of 777,681. The company has a debt-to-equity ratio of 22.77, a quick ratio of 0.71 and a current ratio of 1.27. The company has a fifty day simple moving average of GBX 361.52 and a two-hundred day simple moving average of GBX 378.20. The company has a market cap of £852.36 million, a P/E ratio of 2,903.36, a PEG ratio of 1.99 and a beta of 0.68. Chemring Group PLC has a 1 year low of GBX 309.01 ($3.92) and a 1 year high of GBX 428 ($5.43).

Chemring Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a GBX 5.20 ($0.07) dividend. This represents a yield of 1.44%. This is a boost from Chemring Group’s previous dividend of $2.60. The ex-dividend date is Thursday, March 20th. Chemring Group’s payout ratio is presently 6,363.64%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($5.96) target price on shares of Chemring Group in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.45).

About Chemring Group

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.