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.

Chemring Group Stock Performance

Shares of CHG traded down GBX 3 ($0.04) during mid-day trading on Friday, hitting GBX 322.50 ($3.90). The company's stock had a trading volume of 106,882 shares, compared to its average volume of 810,446. Chemring Group has a one year low of GBX 246.88 ($2.98) and a one year high of GBX 383.50 ($4.63). The stock's 50-day moving average is GBX 329.61 and its two-hundred day moving average is GBX 326.43. The firm has a market capitalization of £913.26 million and a PE ratio of 2,034.38. The company has a debt-to-equity ratio of 7.32, a quick ratio of 0.71 and a current ratio of 1.45.

Chemring Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity

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