Chemring Group (LON:CHG) Sets New 1-Year Low – Should You Sell?

Chemring Group PLC (LON:CHG)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 305 ($3.81) and last traded at GBX 314.50 ($3.93), with a volume of 317111 shares changing hands. The stock had previously closed at GBX 319 ($3.98).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($5.87) price target on shares of Chemring Group in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.36).

Chemring Group Stock Performance

The firm has a market capitalization of £848.95 million, a PE ratio of 2,847.67, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 22.77. The firm’s 50-day moving average price is GBX 337.01 and its two-hundred day moving average price is GBX 364.73.

Chemring Group (LON:CHG) last issued its earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) earnings per share for the quarter. Chemring Group had a return on equity of 8.29% and a net margin of 0.63%. As a group, research analysts predict that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

Chemring Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be given a GBX 5.20 ($0.06) dividend. 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 dividend payout ratio (DPR) is currently 6,363.64%.

Insider Transactions at Chemring Group

In other news, insider James Mortensen acquired 9,125 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of GBX 329 ($4.11) per share, with a total value of £30,021.25 ($37,470.36). Company insiders own 1.69% of the company’s stock.

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.