Chemring Group PLC (LON:CHG) Raises Dividend to GBX 5.20 Per Share

Chemring Group PLC (LON:CHG) announced a dividend on Tuesday, December 17th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share on Friday, April 11th. This represents a yield of 1.44%. The ex-dividend date is Thursday, March 20th. This is a boost from Chemring Group’s previous dividend of $2.60. The official announcement can be seen at this link.

Chemring Group Trading Up 1.4 %

Shares of CHG stock opened at GBX 318.90 ($4.05) on Wednesday. Chemring Group has a 12 month low of GBX 309.01 ($3.93) and a 12 month high of GBX 428 ($5.44). The company has a market cap of £864.27 million, a PE ratio of 2,859.09, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. 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 business’s 50 day moving average is GBX 360.54 and its two-hundred day moving average is GBX 377.70.

Insider Transactions at Chemring Group

In other news, insider James Mortensen purchased 9,125 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of GBX 329 ($4.18) per share, for a total transaction of £30,021.25 ($38,165.84). 1.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 470 ($5.98) target price on shares of Chemring Group in a research note on Tuesday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 429.50 ($5.46).

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.