Chemring Group (LON:CHG) Stock Passes Above 200-Day Moving Average – What’s Next?

Chemring Group PLC (LON:CHG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 355.93 ($4.53) and traded as high as GBX 372 ($4.74). Chemring Group shares last traded at GBX 357.24 ($4.55), with a volume of 74,102,586 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Shore Capital reiterated a “buy” rating on shares of Chemring Group in a research report on Tuesday, February 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 470 ($5.98) target price on shares of Chemring Group in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, Chemring Group presently has an average rating of “Moderate Buy” and an average price target of GBX 429.50 ($5.47).

Chemring Group Trading Up 3.7 %

The stock has a market cap of £984.39 million, a PE ratio of 448.64, a PEG ratio of 1.99 and a beta of 0.68. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 27.42. The firm has a fifty day simple moving average of GBX 363.89 and a two-hundred day simple moving average of GBX 355.93.

Chemring Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Chemring Group’s previous dividend of $2.60. This represents a yield of 1.44%. Chemring Group’s payout ratio is presently 857.06%.

Insiders Place Their Bets

In other Chemring Group news, insider Sarah Ellard sold 27,445 shares of Chemring Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.28), for a total transaction of £113,896.75 ($144,980.59). Corporate insiders own 1.69% of the company’s stock.

Chemring Group Company Profile

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.