Chemring Group (LON:CHG) Trading Up 10.3% – What’s Next?

Shares of Chemring Group PLC (LON:CHG) rose 10.3% on Tuesday . The stock traded as high as GBX 348.50 ($4.39) and last traded at GBX 347.50 ($4.37). Approximately 3,608,735 shares were traded during trading, an increase of 81% from the average daily volume of 1,997,234 shares. The stock had previously closed at GBX 315 ($3.96).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 470 ($5.91) price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 429.50 ($5.40).

Chemring Group Stock Performance

The stock has a 50-day moving average of GBX 327.08 and a 200 day moving average of GBX 358.67. 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 stock has a market cap of £968.20 million, a PE ratio of 441.26, a P/E/G ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG) last released its quarterly earnings data 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%. Equities analysts predict that Chemring Group PLC will post 24.8815166 EPS for the current fiscal year.

Chemring Group Increases Dividend

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

Insider Buying and Selling at Chemring Group

In other news, insider James Mortensen purchased 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 ($4.14) per share, for a total transaction of £30,021.25 ($37,776.83). Company 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.