Jefferies Financial Group Reaffirms Buy Rating for Chemring Group (LON:CHG)

Jefferies Financial Group reaffirmed their buy rating on shares of Chemring Group (LON:CHG) in a research report released on Tuesday morning, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 470 ($5.98) price objective on the stock.

Chemring Group Trading Down 13.0 %

Shares of CHG opened at GBX 314.50 ($4.00) on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. Chemring Group has a 1-year low of GBX 309.01 ($3.93) and a 1-year high of GBX 428 ($5.44). The stock has a market capitalization of £852.36 million, a P/E ratio of 2,859.09, a P/E/G ratio of 1.99 and a beta of 0.68. The business’s 50-day moving average price is GBX 360.54 and its 200 day moving average price is GBX 377.70.

Chemring Group Increases Dividend

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

Insider Activity at Chemring Group

In other Chemring Group news, insider James Mortensen acquired 9,125 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 329 ($4.18) per share, for a total transaction of £30,021.25 ($38,165.84). Insiders own 1.69% of the company’s stock.

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.