Chemring Group plc Announces Dividend of GBX 2.40 (CHG)
Chemring Group plc (LON:CHG) declared a dividend on Tuesday, June 24th, American Banking and Market News reports. Shareholders of record on Wednesday, July 23rd will be given a dividend of GBX 2.40 ($0.04) per share on Friday, August 15th. This represents a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, July 23rd. The official announcement can be accessed at this link.
CHG has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Chemring Group plc in a research note on Tuesday. On a related note, analysts at Investec reiterated a “buy” rating on shares of Chemring Group plc in a research note on Tuesday. They now have a GBX 260 ($4.42) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Chemring Group plc in a research note on Thursday, June 19th. They now have a GBX 30 ($0.51) price target on the stock. Five research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 194.25 ($3.31).
Chemring Group plc (LON:CHG) traded down 8.43% on Tuesday, hitting GBX 190.00. 5,131,630 shares of the company’s stock traded hands. Chemring Group plc has a 1-year low of GBX 181.50 and a 1-year high of GBX 323.20. The stock has a 50-day moving average of GBX 215.4 and a 200-day moving average of GBX 237.5. The company’s market cap is £367.3 million.
Chemring Group PLC is a United Kingdom-based company engaged in the design, manufacture and sale of counter- improvised explosive device (LON:CHG) equipment, countermeasures, pyrotechnics and munitions.
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