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

Shore Capital reaffirmed their buy rating on shares of Chemring Group (LON:CHG) in a report issued on Tuesday, Marketbeat.com reports.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($5.92) target price on shares of Chemring Group in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.41).

Chemring Group Stock Performance

Shares of CHG stock opened at GBX 376 ($4.74) on Tuesday. The business’s 50-day moving average price is GBX 330.66 and its 200-day moving average price is GBX 357.80. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. Chemring Group has a 12 month low of GBX 297.50 ($3.75) and a 12 month high of GBX 428 ($5.39). The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of 460.36, a PEG ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG) last announced its earnings results 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 research analysts forecast that Chemring Group will post 24.8815166 EPS for the current year.

Chemring Group Increases Dividend

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

Insider Activity at Chemring Group

In other news, insider James Mortensen acquired 9,125 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of GBX 329 ($4.15) per share, with a total value of £30,021.25 ($37,838.73). 1.69% of the stock is owned by insiders.

Chemring Group Company Profile

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.