Chemring Group (LON:CHG) Stock Passes Above 200-Day Moving Average of $361.80

Chemring Group PLC (LON:CHG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 361.80 ($4.59) and traded as high as GBX 385 ($4.88). Chemring Group shares last traded at GBX 379 ($4.81), with a volume of 475,656 shares.

Wall Street Analysts Forecast Growth

CHG has been the subject of a number of research analyst reports. Shore Capital reissued a “buy” rating on shares of Chemring Group in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 450 ($5.71) target price on shares of Chemring Group in a research note on Tuesday, June 18th. Barclays decreased their price target on shares of Chemring Group from GBX 345 ($4.38) to GBX 338 ($4.29) and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Finally, Berenberg Bank increased their price objective on Chemring Group from GBX 415 ($5.26) to GBX 460 ($5.84) and gave the company a “buy” rating in a research report on Tuesday, June 4th.

Chemring Group Trading Up 0.4 %

The company has a current ratio of 1.29, a quick ratio of 0.71 and a debt-to-equity ratio of 5.49. The stock has a market cap of £1.03 billion, a price-to-earnings ratio of 2,900.00, a P/E/G ratio of 1.99 and a beta of 0.69. The company has a fifty day simple moving average of GBX 381.97 and a 200-day simple moving average of GBX 362.01.

Chemring Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 15th will be given a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 0.66%. Chemring Group’s dividend payout ratio (DPR) is presently 5,384.62%.

Chemring Group Company Profile

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.