Chemring Group (LON:CHG) Stock Price Up 14.8% – Here’s Why

Chemring Group PLC (LON:CHG) shares were up 14.8% during trading on Monday . The stock traded as high as GBX 416.46 ($5.27) and last traded at GBX 411 ($5.20). Approximately 9,506,106 shares changed hands during mid-day trading, an increase of 321% from the average daily volume of 2,258,005 shares. The stock had previously closed at GBX 358 ($4.53).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 470 ($5.95) price objective on shares of Chemring Group in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, Chemring Group has a consensus rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.44).

Chemring Group Stock Up 13.1 %

The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The company’s 50-day moving average price is GBX 327.11 and its 200 day moving average price is GBX 357.94. The stock has a market capitalization of £1.09 billion, a P/E ratio of 495.87, a P/E/G ratio of 1.99 and a beta of 0.68.

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

Chemring Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be issued a dividend of GBX 5.20 ($0.07) per share. This is a positive change from Chemring Group’s previous dividend of $2.60. This represents a yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 20th. Chemring Group’s dividend payout ratio (DPR) is 857.06%.

Insider Transactions at Chemring Group

In other news, insider James Mortensen bought 9,125 shares of Chemring Group stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of GBX 329 ($4.16) per share, with a total value of £30,021.25 ($37,991.96). Insiders own 1.69% of the company’s stock.

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.