Chemring Group (LON:CHG) Sets New 12-Month High - Here's What Happened

Chemring Group PLC (LON:CHG - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 463.50 ($6.24) and last traded at GBX 456.06 ($6.14), with a volume of 1710650 shares trading hands. The stock had previously closed at GBX 444.50 ($5.98).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating on shares of Chemring Group in a research report on Tuesday, February 25th.

Chemring Group Stock Up 0.5%

The business has a fifty day moving average of GBX 402.40 and a 200 day moving average of GBX 368.14. The firm has a market cap of £1.30 billion, a P/E ratio of 591.37, a P/E/G ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 27.42.

Chemring Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 20th were issued a GBX 5.20 ($0.07) dividend. This represents a yield of 1.44%. The ex-dividend date was Thursday, March 20th. This is an increase from Chemring Group's previous dividend of $2.60. Chemring Group's dividend payout ratio is currently 857.06%.

Insiders Place Their Bets

In other news, insider Sarah Ellard sold 27,445 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 415 ($5.59), for a total transaction of £113,896.75 ($153,293.07). Corporate insiders own 1.69% of the company's stock.

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.