Chemring Group’s (CHG) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Chemring Group (LON:CHG) in a report published on Tuesday morning, Marketbeat reports.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 470 ($5.92) price objective on shares of Chemring Group in a report on Tuesday, December 17th. One equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 429.50 ($5.41).

Chemring Group Stock Down 2.3 %

Shares of LON:CHG opened at GBX 376 ($4.74) on Tuesday. The firm has a fifty day moving average price of GBX 330.66 and a two-hundred day moving average price of GBX 357.80. The company has a market cap of £1.01 billion, a price-to-earnings ratio of 460.36, a PEG ratio of 1.99 and a beta of 0.68. 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 has a one year low of GBX 297.50 ($3.75) and a one year high of GBX 428 ($5.39).

Chemring Group (LON:CHG) last issued its 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%. Analysts anticipate that Chemring Group will post 24.8815166 EPS for the current fiscal year.

Chemring Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider James Mortensen purchased 9,125 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 329 ($4.15) per share, with a total value of £30,021.25 ($37,838.73). 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.