James Mortensen Purchases 9,125 Shares of Chemring Group PLC (LON:CHG) Stock

Chemring Group PLC (LON:CHG) insider James Mortensen bought 9,125 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of GBX 329 ($4.14) per share, with a total value of £30,021.25 ($37,743.59).

Chemring Group Price Performance

LON CHG opened at GBX 322 ($4.05) on Thursday. The business’s fifty day moving average is GBX 359.63 and its 200 day moving average is GBX 377.31. The company has a market capitalization of £872.68 million, a PE ratio of 2,927.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 22.77, a quick ratio of 0.71 and a current ratio of 1.27. Chemring Group PLC has a fifty-two week low of GBX 309.01 ($3.88) and a fifty-two week high of GBX 428 ($5.38).

Chemring Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 1.44%. This is a boost from Chemring Group’s previous dividend of $2.60. Chemring Group’s dividend payout ratio (DPR) is presently 6,363.64%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 470 ($5.91) price target on shares of Chemring Group in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.40).

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.