Chemring Group (LON:CHG) Hits New 1-Year High at $418.00

Chemring Group PLC (LON:CHG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 418 ($5.34) and last traded at GBX 413.50 ($5.28), with a volume of 422449 shares. The stock had previously closed at GBX 408 ($5.21).

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHG. Barclays dropped their price target on Chemring Group from GBX 345 ($4.41) to GBX 338 ($4.32) and set an “underweight” rating for the company in a research report on Tuesday, May 7th. Shore Capital reissued a “buy” rating on shares of Chemring Group in a research report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 450 ($5.75) price objective on shares of Chemring Group in a research report on Tuesday, June 18th. Finally, Berenberg Bank lifted their price target on shares of Chemring Group from GBX 415 ($5.30) to GBX 460 ($5.87) and gave the company a “buy” rating in a research report on Tuesday, June 4th.

Chemring Group Stock Up 1.3 %

The stock has a market capitalization of £1.12 billion, a price-to-earnings ratio of 3,709.09, a P/E/G ratio of 1.99 and a beta of 0.70. The business has a 50-day moving average of GBX 386.92 and a 200-day moving average of GBX 372.42. The company has a debt-to-equity ratio of 22.77, a quick ratio of 0.71 and a current ratio of 1.27.

Chemring Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 15th will be issued a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 0.66%. Chemring Group’s dividend payout ratio is currently 6,363.64%.

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.