Chemring Group PLC (LON:CHG) Insider Sarah Ellard Sells 27,445 Shares of Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 27,445 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.35), for a total value of £113,896.75 ($146,812.00).

Chemring Group Trading Up 3.8 %

Chemring Group stock opened at GBX 418.50 ($5.39) on Thursday. Chemring Group PLC has a one year low of GBX 297.50 ($3.83) and a one year high of GBX 428 ($5.52). The company’s fifty day moving average price is GBX 336.51 and its two-hundred day moving average price is GBX 357.13. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The company has a market capitalization of £1.12 billion, a price-to-earnings ratio of 512.40, 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) earnings per share (EPS) for the quarter. Chemring Group had a return on equity of 0.88% and a net margin of 0.64%. On average, analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current fiscal year.

Chemring Group Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on CHG. Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a research report on Tuesday, February 25th. Jefferies Financial Group restated a “buy” rating and set a GBX 470 ($6.06) price target on shares of Chemring Group in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.54).

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.