Insider Selling: Chemring Group plc (CHG) Insider Sells 49,542 Shares of Stock

Chemring Group plc (LON:CHG) insider Michael Flowers sold 49,542 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of GBX 193 ($2.62), for a total value of £95,616.06 ($129,666.48).

Shares of Chemring Group plc (LON:CHG) opened at GBX 192 ($2.60) on Monday. Chemring Group plc has a one year low of GBX 162 ($2.20) and a one year high of GBX 208 ($2.82). The stock has a market cap of $536.48 and a price-to-earnings ratio of 19,200.00.

The company also recently announced a dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, April 5th will be paid a dividend of GBX 2 ($0.03) per share. This is an increase from Chemring Group’s previous dividend of $1.00. This represents a yield of 1.02%. The ex-dividend date is Thursday, April 5th.

A number of equities research analysts have weighed in on CHG shares. Peel Hunt restated an “add” rating and issued a GBX 185 ($2.51) target price on shares of Chemring Group in a research report on Tuesday, November 14th. Berenberg Bank increased their price objective on Chemring Group from GBX 211 ($2.86) to GBX 228 ($3.09) and gave the company a “buy” rating in a research report on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 225 ($3.05) price objective on shares of Chemring Group in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 205 ($2.78) price objective on shares of Chemring Group in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 209.86 ($2.85).

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About Chemring Group

Chemring Group PLC is engaged in offering solutions to protect defense and security markets. The Company operates through three segments: Countermeasures, which is engaged in the development and manufacture of expendable countermeasures for air, sea and land platforms, and land-based electronic warfare equipment; Sensors & Electronics, which is engaged in the development and manufacture of improvised explosive device (IED) detection equipment, chemical and biological threat detection equipment, IED electronic countermeasures, network protection technologies and explosive ordnance disposal equipment, and Energetic Systems, which is engaged in the development, procurement and manufacture of signals and illumination devices and payloads, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile and ammunition components, propellants, warheads, fuses, separation sub-systems, actuators and energetic materials.

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