Chemring Group - CHG Share Forecast, Price & News

Chemring Group PLC supplies countermeasures, sensors, and energetic solutions to aerospace, defense, and security industries in the United States, the United Kingdom, Norway, Australia, and internationally. The company operates through two segments, Sensors & Information and Countermeasures & Energetics. The Sensors & Information segment develops and manufactures explosive hazard detection equipment; chemical and biological threat detection equipment; and electronic countermeasures, as well as network protection technologies. The Countermeasures & Energetics segment offers expendable countermeasures for air, sea, and land platforms; cartridge/propellant actuated devices; pyrotechnic devices for satellite launch and deployment; missile components; separation sub-systems; actuators; and energetic materials, as well as aircrew egress and safety systems. Chemring Group PLC was incorporated in 1905 and is headquartered in Romsey, the United Kingdom.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Chemring Group to an "underweight" rating and reduced their price objective for the stock from GBX 360 ($4.35) to GBX 336 ($4.06) in a research report on Friday, July 15th.

Chemring Group Stock Performance

LON:CHG opened at GBX 327.28 ($3.95) on Monday. The company has a fifty day simple moving average of GBX 331.89 and a 200 day simple moving average of GBX 325.22. Chemring Group has a 12-month low of GBX 246.88 ($2.98) and a 12-month high of GBX 383.50 ($4.63). The company has a current ratio of 1.45, a quick ratio of 0.71 and a debt-to-equity ratio of 7.32. The company has a market cap of £926.79 million and a P/E ratio of 2,045.50.

Chemring Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 9th. Shareholders of record on Thursday, August 18th will be issued a dividend of GBX 1.90 ($0.02) per share. This represents a yield of 0.52%. The ex-dividend date is Thursday, August 18th. Chemring Group's dividend payout ratio is 30.00%.

Insiders Place Their Bets

In other Chemring Group news, insider Sarah Ellard sold 18,000 shares of Chemring Group stock in a transaction on Monday, July 11th. The shares were sold at an average price of GBX 324 ($3.91), for a total transaction of £58,320 ($70,468.83). In other Chemring Group news, insider Andrew Lewis sold 20,000 shares of Chemring Group stock in a transaction dated Monday, June 27th. The stock was sold at an average price of GBX 320 ($3.87), for a total transaction of £64,000 ($77,332.04). Also, insider Sarah Ellard sold 18,000 shares of Chemring Group stock in a transaction dated Monday, July 11th. The shares were sold at an average price of GBX 324 ($3.91), for a total value of £58,320 ($70,468.83).