Insider Buying: Chemring Group PLC (LON:CHG) Insider Acquires £30,021.25 in Stock

Chemring Group PLC (LON:CHG) insider James Mortensen bought 9,125 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of GBX 329 ($4.11) per share, with a total value of £30,021.25 ($37,521.87).

Chemring Group Price Performance

LON:CHG opened at GBX 321.50 ($4.02) on Friday. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 22.77. The firm has a market cap of £871.33 million, a PE ratio of 2,922.73, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. Chemring Group PLC has a 12 month low of GBX 309.01 ($3.86) and a 12 month high of GBX 428 ($5.35). The company’s 50-day moving average price is GBX 358.88 and its two-hundred day moving average price is GBX 376.92.

Chemring Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a GBX 5.20 ($0.06) dividend. This is an increase from Chemring Group’s previous dividend of $2.60. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, March 20th. Chemring Group’s payout ratio is presently 6,363.64%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 470 ($5.87) price target on shares of Chemring Group in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.37).

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.