Chemring Group (LON:CHG) Price Target Cut to GBX 338

Chemring Group (LON:CHG) had its price target decreased by Barclays from GBX 345 ($4.33) to GBX 338 ($4.25) in a report released on Tuesday, Marketbeat.com reports. Barclays currently has an underweight rating on the stock.

Separately, Shore Capital restated a buy rating on shares of Chemring Group in a research report on Friday, February 23rd.

Chemring Group Stock Performance

LON CHG opened at GBX 386.50 ($4.86) on Tuesday. The stock’s fifty day moving average is GBX 361.30 and its two-hundred day moving average is GBX 341.77. The firm has a market capitalization of £1.05 billion, a P/E ratio of 2,973.08, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70. The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.71 and a current ratio of 1.29. Chemring Group has a fifty-two week low of GBX 253.95 ($3.19) and a fifty-two week high of GBX 412.14 ($5.18).

Chemring Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 21st were issued a GBX 4.60 ($0.06) dividend. This is an increase from Chemring Group’s previous dividend of $2.30. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, March 21st. Chemring Group’s payout ratio is presently 5,384.62%.

Insider Activity

In related news, insider Michael Ord sold 138,209 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.50), for a total value of £494,788.22 ($621,593.24). Company insiders own 1.77% of the company’s stock.

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.