Chemring Group PLC (CHG) to Issue Dividend of GBX 5.20 on April 11th

Chemring Group PLC (LON:CHG) declared a dividend on Wednesday, December 17th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share on Friday, April 11th. This represents a yield of 1.44%. The ex-dividend date is Thursday, March 20th. This is a 100.0% increase from Chemring Group’s previous dividend of $2.60. The official announcement can be seen at this link.

Chemring Group Stock Performance

Chemring Group stock opened at GBX 399 ($5.18) on Tuesday. The company’s 50-day moving average price is GBX 347.88 and its 200-day moving average price is GBX 357. Chemring Group has a twelve month low of GBX 297.50 ($3.86) and a twelve month high of GBX 430.50 ($5.59). 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 cap of £1.07 billion, a PE ratio of 488.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG) last issued its quarterly 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%. On average, equities research analysts forecast that Chemring Group will post 24.8815166 EPS for the current fiscal year.

Insider Activity at Chemring Group

In other news, insider Sarah Ellard sold 27,445 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.39), for a total value of £113,896.75 ($147,937.07). 1.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CHG. Jefferies Financial Group restated a “buy” rating and issued a GBX 470 ($6.10) target price on shares of Chemring Group in a research note on Tuesday, December 17th. Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Chemring Group presently has an average rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.58).

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.