Chemring Group (LON:CHG) Share Price Passes Above Two Hundred Day Moving Average of $361.80

Shares of Chemring Group PLC (LON:CHG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 361.80 ($4.59) and traded as high as GBX 385 ($4.88). Chemring Group shares last traded at GBX 379 ($4.81), with a volume of 475,656 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on CHG shares. Barclays lowered their price objective 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 note on Tuesday, May 7th. Berenberg Bank boosted their price target on shares of Chemring Group from GBX 415 ($5.26) to GBX 460 ($5.84) and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Shore Capital reiterated a “buy” rating on shares of Chemring Group in a research note on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 450 ($5.71) target price on shares of Chemring Group in a research note on Tuesday, June 18th.

Chemring Group Stock Up 0.4 %

The firm’s fifty day simple moving average is GBX 381.97 and its 200 day simple moving average is GBX 362.01. The company has a current ratio of 1.29, a quick ratio of 0.71 and a debt-to-equity ratio of 5.49. The company has a market cap of £1.03 billion, a price-to-earnings ratio of 2,900.00, a PEG ratio of 1.99 and a beta of 0.69.

Chemring Group Cuts Dividend

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

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.