Chemring Group PLC (LON:CHG) Insider Buys £30,021.25 in Stock

Chemring Group PLC (LON:CHG) insider James Mortensen purchased 9,125 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 329 ($4.14) per share, for a total transaction of £30,021.25 ($37,743.59).

Chemring Group Stock Performance

Shares of CHG opened at GBX 322 ($4.05) on Thursday. Chemring Group PLC has a 12 month low of GBX 309.01 ($3.88) and a 12 month high of GBX 428 ($5.38). The firm has a market cap of £872.68 million, a PE ratio of 2,927.27, a P/E/G ratio of 1.99 and a beta of 0.68. 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 stock has a fifty day moving average price of GBX 359.63 and a 200-day moving average price of GBX 377.31.

Chemring Group Increases Dividend

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

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 470 ($5.91) target price on shares of Chemring Group in a report on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.40).

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.