Chemring Group (LON:CHG) Stock Price Passes Above 200 Day Moving Average of $232.80

Chemring Group plc (LON:CHG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $232.80 and traded as high as $255.00. Chemring Group shares last traded at $239.00, with a volume of 132,969 shares.

Several equities analysts recently weighed in on the stock. Peel Hunt raised their target price on shares of Chemring Group from GBX 250 ($3.08) to GBX 280 ($3.45) and gave the company an “add” rating in a research note on Thursday, June 11th. Barclays cut shares of Chemring Group to an “equal weight” rating in a research note on Wednesday, June 10th. Finally, Berenberg Bank raised their target price on shares of Chemring Group from GBX 235 ($2.89) to GBX 300 ($3.69) and gave the company a “buy” rating in a research note on Friday, June 5th.

The company has a debt-to-equity ratio of 52.37, a current ratio of 1.53 and a quick ratio of 0.95. The firm’s 50 day moving average is GBX 244.64 and its two-hundred day moving average is GBX 232.80. The firm has a market capitalization of $673.72 million and a P/E ratio of 17.84.

The company also recently announced a dividend, which will be paid on Friday, September 11th. Investors of record on Thursday, August 20th will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, August 20th. This represents a dividend yield of 0.48%. Chemring Group’s dividend payout ratio is presently 29.85%.

About Chemring Group (LON:CHG)

Chemring Group PLC manufactures and supplies technology electronics and energetic products for defense and security agencies, and defense prime contractors in the United States, the United Kingdom, Australia, and Norway. It operates through three segments: Countermeasures, Sensors, and Energetic. The Countermeasures segment designs, develops, manufactures, and sells expendable countermeasures for protecting air, sea, and land platforms; and land-based electronic warfare equipment.

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