Chemring Group (LON:CHG) Stock Price Up 10.3% – Time to Buy?

Chemring Group PLC (LON:CHG) shares traded up 10.3% during trading on Tuesday . The stock traded as high as GBX 348.50 ($4.39) and last traded at GBX 347.50 ($4.37). 3,608,735 shares were traded during trading, an increase of 81% from the average session volume of 1,997,234 shares. The stock had previously closed at GBX 315 ($3.96).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 470 ($5.91) price target on shares of Chemring Group in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, Chemring Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 429.50 ($5.40).

Chemring Group Stock Down 1.1 %

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 has a market capitalization of £968.20 million, a price-to-earnings ratio of 441.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The business has a fifty day moving average price of GBX 327.08 and a two-hundred day moving average price of GBX 358.67.

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

Chemring Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share. The ex-dividend date is Thursday, March 20th. This is an increase from Chemring Group’s previous dividend of $2.60. This represents a yield of 1.44%. Chemring Group’s payout ratio is currently 857.06%.

Insiders Place Their Bets

In related news, insider James Mortensen acquired 9,125 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 329 ($4.14) per share, for a total transaction of £30,021.25 ($37,776.83). 1.69% of the stock is owned by insiders.

About Chemring Group

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.