Chemring Group (LON:CHG) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Chemring Group PLC (LON:CHG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 356.92 ($4.61) and traded as high as GBX 385.50 ($4.98). Chemring Group shares last traded at GBX 378 ($4.88), with a volume of 1,782,022 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHG shares. Shore Capital reissued a “buy” rating on shares of Chemring Group in a research report on Tuesday, February 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($6.07) target price on shares of Chemring Group in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.55).

Chemring Group Stock Down 2.2 %

The company has a debt-to-equity ratio of 27.42, a quick ratio of 0.71 and a current ratio of 1.22. The stock has a market cap of £992.65 million, a P/E ratio of 452.41, a P/E/G ratio of 1.99 and a beta of 0.68. The stock’s fifty day simple moving average is GBX 351.95 and its 200-day simple moving average is GBX 357.01.

Chemring Group (LON:CHG) last released 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 0.88% and a net margin of 0.64%. As a group, research 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 declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, March 20th. This is an increase from Chemring Group’s previous dividend of $2.60. Chemring Group’s dividend payout ratio is 857.06%.

Insiders Place Their Bets

In related news, insider Sarah Ellard sold 27,445 shares of Chemring Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.36), for a total transaction of £113,896.75 ($147,058.42). Corporate 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.