Chemring Group PLC (LON:CHG) Insider James Mortensen Buys 9,125 Shares

Chemring Group PLC (LON:CHG) insider James Mortensen bought 9,125 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of GBX 329 ($4.18) per share, for a total transaction of £30,021.25 ($38,165.84).

Chemring Group Trading Down 13.0 %

Shares of LON CHG opened at GBX 314.50 ($4.00) on Wednesday. The firm has a market capitalization of £852.36 million, a PE ratio of 2,859.09, a PEG ratio of 1.99 and a beta of 0.68. Chemring Group PLC has a one year low of GBX 309.01 ($3.93) and a one year high of GBX 428 ($5.44). The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. The business has a 50-day moving average price of GBX 360.54 and a two-hundred day moving average price of GBX 377.70.

Chemring Group Increases Dividend

The business 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. The ex-dividend date is Thursday, March 20th. This is an increase from Chemring Group’s previous dividend of $2.60. This represents a yield of 1.44%. Chemring Group’s payout ratio is presently 6,363.64%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 470 ($5.98) target price on shares of Chemring Group in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, Chemring Group has a consensus rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.46).

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.