Chemring Group’s (CHG) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Chemring Group (LON:CHG) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 470 ($5.87) price objective on the stock.

Chemring Group Trading Down 0.2 %

LON CHG opened at GBX 321.50 ($4.02) on Tuesday. 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 stock has a market capitalization of £871.33 million, a P/E ratio of 2,922.73, a P/E/G ratio of 1.99 and a beta of 0.68. Chemring Group has a 52-week low of GBX 309.01 ($3.86) and a 52-week high of GBX 428 ($5.35). The firm has a 50-day moving average price of GBX 358.88 and a 200 day moving average price of GBX 376.92.

Chemring Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be paid a GBX 5.20 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Chemring Group’s previous dividend of $2.60. This represents a dividend yield of 1.44%. Chemring Group’s payout ratio is 6,363.64%.

Insiders Place Their Bets

In related news, insider James Mortensen purchased 9,125 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 329 ($4.11) per share, with a total value of £30,021.25 ($37,521.87). 1.69% of the stock is currently owned by company insiders.

About Chemring Group

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.