James Mortensen Acquires 9,125 Shares of Chemring Group PLC (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider James Mortensen acquired 9,125 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 329 ($4.11) per share, for a total transaction of £30,021.25 ($37,521.87).

Chemring Group Trading Down 0.2 %

CHG stock opened at GBX 321.50 ($4.02) on Friday. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 22.77. Chemring Group PLC has a twelve month low of GBX 309.01 ($3.86) and a twelve month high of GBX 428 ($5.35). The company has a market cap of £871.33 million, a P/E ratio of 2,922.73, a PEG ratio of 1.99 and a beta of 0.68. The business has a fifty day moving average of GBX 358.88 and a 200-day moving average of GBX 376.92.

Chemring Group Increases Dividend

The company 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 ($0.06) per share. This is a boost from Chemring Group’s previous dividend of $2.60. This represents a yield of 1.44%. The ex-dividend date is Thursday, March 20th. Chemring Group’s payout ratio is currently 6,363.64%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 470 ($5.87) target price on shares of Chemring Group in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, Chemring Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.37).

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.