Barclays Trims Chemring Group (LON:CHG) Target Price to GBX 338

Chemring Group (LON:CHG) had its target price decreased by Barclays from GBX 345 ($4.33) to GBX 338 ($4.25) in a research note issued to investors on Tuesday, Marketbeat reports. Barclays currently has an underweight rating on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Chemring Group in a research note on Friday, February 23rd.

Chemring Group Stock Up 1.2 %

Chemring Group stock opened at GBX 387.13 ($4.86) on Tuesday. The company’s 50-day moving average price is GBX 359.63 and its two-hundred day moving average price is GBX 341.13. The stock has a market cap of £1.06 billion, a price-to-earnings ratio of 2,942.31, a PEG ratio of 1.99 and a beta of 0.70. The company has a current ratio of 1.29, a quick ratio of 0.71 and a debt-to-equity ratio of 5.49. Chemring Group has a 52 week low of GBX 253.95 ($3.19) and a 52 week high of GBX 412.14 ($5.18).

Chemring Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 21st were paid a GBX 4.60 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 1.4%. This is a boost from Chemring Group’s previous dividend of $2.30. Chemring Group’s payout ratio is currently 5,384.62%.

Insider Transactions at Chemring Group

In other news, insider Michael Ord sold 138,209 shares of Chemring Group stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of GBX 358 ($4.50), for a total value of £494,788.22 ($621,593.24). Corporate insiders own 1.77% of the company’s stock.

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.