Chemring Group PLC (LON:CHG) to Issue Dividend of GBX 5.20

Chemring Group PLC (LON:CHG) declared a dividend on Wednesday, 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 of this dividend is Thursday, March 20th. This is a 100.0% increase from Chemring Group’s previous dividend of $2.60. The official announcement can be viewed at this link.

Chemring Group Trading Up 0.6 %

LON CHG opened at GBX 399 ($5.18) on Tuesday. The stock has a market capitalization of £1.07 billion, a PE ratio of 488.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42. Chemring Group has a 52 week low of GBX 297.50 ($3.86) and a 52 week high of GBX 430.50 ($5.59). The firm has a 50 day moving average of GBX 347.88 and a two-hundred day moving average of GBX 357.

Chemring Group (LON:CHG) last released its quarterly earnings results on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) EPS for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. As a group, research analysts expect that Chemring Group will post 24.8815166 EPS for the current fiscal year.

Insider Activity at Chemring Group

In related news, insider Sarah Ellard sold 27,445 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.39), for a total value of £113,896.75 ($147,937.07). 1.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHG. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($6.10) price target on shares of Chemring Group in a research note on Tuesday, December 17th. Shore Capital restated a “buy” rating on shares of Chemring Group in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.58).

About Chemring Group

We are a specialist manufacturing and technology business creating market-leading innovative solutions to meet our customers’ complex needs.

Using our extensive science and engineering expertise, we turn ideas into reality, designing and developing critical solutions that protect and safeguard in unpredictable environments in today’s increasingly unstable world.

We achieve this by innovating at every stage of the value chain, from research and development (“R&D”) through to design, manufacture and in-service support, working closely with our customers to deliver products, services and solutions for mission-critical success.

Our customer base spans national defence organisations, security and law enforcement agencies, as well as commercial markets such as space and transport.