Chemring Group PLC (LON:CHG) Insider James Mortensen Buys 9,125 Shares of Stock

Posted by Defense World Staff on Dec 18th, 2024

Chemring Group PLC (LON:CHG – Get Free Report) insider James Mortensen purchased 9,125 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of GBX 329 ($4.18) per share, for a total transaction of £30,021.25 ($38,165.84).

Chemring Group Price Performance

Shares of LON:CHG opened at GBX 314.50 ($4.00) on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.71 and a debt-to-equity ratio of 22.77. The firm’s 50 day moving average is GBX 360.54 and its two-hundred day moving average is GBX 377.70. The firm has a market capitalization of £852.36 million, a P/E ratio of 2,859.09, a PEG ratio of 1.99 and a beta of 0.68. Chemring Group PLC has a 52 week low of GBX 309.01 ($3.93) and a 52 week high of GBX 428 ($5.44).

Chemring Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 1.44%. This is a positive change from Chemring Group’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, March 20th. Chemring Group’s dividend payout ratio (DPR) is 6,363.64%.

Analysts Set New Price Targets

Separately, 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. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chemring Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 429.50 ($5.46).

View Our Latest Analysis on CHG

About Chemring Group

(Get Free Report)

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.