Insider Selling: Chemring Group PLC (LON:CHG) Insider Sells 27,445 Shares of Stock

Chemring Group PLC (LON:CHG) insider Sarah Ellard sold 27,445 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 415 ($5.31), for a total transaction of £113,896.75 ($145,703.91).

Chemring Group Stock Performance

Shares of CHG stock traded up GBX 15.50 ($0.20) during trading on Wednesday, reaching GBX 418.50 ($5.35). The company had a trading volume of 1,560,110 shares, compared to its average volume of 2,380,288. Chemring Group PLC has a one year low of GBX 297.50 ($3.81) and a one year high of GBX 428 ($5.48). The company has a market capitalization of £1.12 billion, a PE ratio of 512.40, a PEG ratio of 1.99 and a beta of 0.68. The company has a debt-to-equity ratio of 27.42, a current ratio of 1.22 and a quick ratio of 0.71. The firm’s 50 day simple moving average is GBX 334.81 and its two-hundred day simple moving average is GBX 357.07.

Chemring Group (LON:CHG) last released its quarterly earnings data on Tuesday, December 17th. The company reported GBX 15.70 ($0.20) EPS for the quarter. Chemring Group had a net margin of 0.64% and a return on equity of 0.88%. Sell-side analysts forecast that Chemring Group PLC will post 24.8815166 earnings per share for the current year.

Chemring Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a GBX 5.20 ($0.07) dividend. 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. This represents a dividend yield of 1.44%. Chemring Group’s dividend payout ratio is presently 857.06%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 470 ($6.01) price objective on shares of Chemring Group in a research report on Tuesday, December 17th. Shore Capital reaffirmed a “buy” rating on shares of Chemring Group in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 429.50 ($5.49).

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.