Chemring Group (LON:CHG) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Chemring Group (LON:CHG) in a report released on Tuesday morning, MarketBeat reports. They currently have a GBX 450 ($5.72) price objective on the stock.

A number of other equities analysts have also commented on the stock. Berenberg Bank raised their price objective on shares of Chemring Group from GBX 415 ($5.27) to GBX 460 ($5.84) and gave the company a buy rating in a research report on Tuesday, June 4th. Barclays reduced their price target on shares of Chemring Group from GBX 345 ($4.38) to GBX 338 ($4.29) and set an underweight rating for the company in a research report on Tuesday, May 7th. Finally, Shore Capital reiterated a buy rating on shares of Chemring Group in a research report on Tuesday, June 4th.

Chemring Group Stock Performance

Shares of CHG opened at GBX 379.50 ($4.82) on Tuesday. The company has a debt-to-equity ratio of 5.49, a quick ratio of 0.71 and a current ratio of 1.29. The stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of 2,919.23, a price-to-earnings-growth ratio of 1.99 and a beta of 0.69. Chemring Group has a 52-week low of GBX 258 ($3.28) and a 52-week high of GBX 412.14 ($5.24). The stock’s 50-day simple moving average is GBX 378.08 and its 200 day simple moving average is GBX 359.85.

Chemring Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 15th will be given a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 0.66%. Chemring Group’s dividend payout ratio (DPR) is presently 5,384.62%.

Insider Activity at Chemring Group

In other Chemring Group news, insider Michael Ord sold 138,209 shares of Chemring Group stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of GBX 358 ($4.55), for a total value of £494,788.22 ($628,701.68). 1.66% of the stock is currently owned by insiders.

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.