Chemring Group PLC (LON:CHG) Announces Dividend Increase – GBX 5.20 Per Share

Chemring Group PLC (LON:CHG) announced a dividend on Tuesday, December 17th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share on Friday, April 11th. This represents a yield of 1.44%. The ex-dividend date is Thursday, March 20th. This is a positive change from Chemring Group’s previous dividend of $2.60. The official announcement can be accessed at this link.

Chemring Group Stock Performance

Chemring Group stock opened at GBX 318.90 ($4.05) on Wednesday. The company has a debt-to-equity ratio of 22.77, a current ratio of 1.27 and a quick ratio of 0.71. The company has a market cap of £864.27 million, a P/E ratio of 2,859.09, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Chemring Group has a fifty-two week low of GBX 309.01 ($3.93) and a fifty-two week high of GBX 428 ($5.44). The firm’s 50 day simple moving average is GBX 360.54 and its 200-day simple moving average is GBX 377.70.

Insider Buying and Selling

In other news, insider James Mortensen purchased 9,125 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of GBX 329 ($4.18) per share, with a total value of £30,021.25 ($38,165.84). 1.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.46).

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.