Chemring Group (LON:CHG) Given “Buy” Rating at Shore Capital

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

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 470 ($5.96) price target 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 429.50 ($5.44).

Chemring Group Stock Performance

Shares of LON:CHG opened at GBX 373.50 ($4.73) on Tuesday. Chemring Group has a 12 month low of GBX 297.50 ($3.77) and a 12 month high of GBX 428 ($5.42). 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 company’s fifty day simple moving average is GBX 328.17 and its 200 day simple moving average is GBX 357.80. The firm has a market cap of £1.00 billion, a price-to-earnings ratio of 457.30, a PEG ratio of 1.99 and a beta of 0.68.

Chemring Group (LON:CHG) last issued its quarterly earnings data on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) EPS for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. As a group, research analysts forecast that Chemring Group will post 24.8815166 EPS for the current fiscal 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 GBX 5.20 ($0.07) dividend. This is a positive change 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 presently 857.06%.

Insider Activity

In other news, insider James Mortensen acquired 9,125 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 329 ($4.17) per share, with a total value of £30,021.25 ($38,049.75). 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.