Chemring Group (LON:CHG) Stock Passes Above 200-Day Moving Average of $376.53

Chemring Group PLC (LON:CHG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 376.53 ($4.97) and traded as high as GBX 416 ($5.49). Chemring Group shares last traded at GBX 406 ($5.35), with a volume of 230,668 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays cut their target price on Chemring Group from GBX 345 ($4.55) to GBX 338 ($4.46) and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Berenberg Bank raised their target price on shares of Chemring Group from GBX 415 ($5.47) to GBX 460 ($6.07) and gave the stock a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 450 ($5.93) target price on shares of Chemring Group in a research report on Tuesday, June 18th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a research note on Tuesday, June 4th.

Chemring Group Trading Up 0.2 %

The company has a market cap of £1.10 billion, a PE ratio of 3,700.00, a PEG ratio of 1.99 and a beta of 0.70. 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 50 day simple moving average of GBX 393.60 and a two-hundred day simple moving average of GBX 376.87.

Chemring Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 15th will be paid a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Chemring Group’s dividend payout ratio (DPR) is presently 6,363.64%.

Chemring Group Company Profile

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.