Chemring Group (LON:CHG) Lowered to Hold at Berenberg Bank

Berenberg Bank cut shares of Chemring Group (LON:CHG) to a hold rating in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 190 ($2.48) price objective on the stock, up from their previous price objective of GBX 180 ($2.35).

Separately, Peel Hunt reissued a buy rating on shares of Polar Capital in a research note on Monday, June 3rd.

CHG stock traded down GBX 1 ($0.01) during midday trading on Wednesday, reaching GBX 180.40 ($2.36). The company had a trading volume of 215,737 shares, compared to its average volume of 282,499. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 31.94. Chemring Group has a 1 year low of GBX 134 ($1.75) and a 1 year high of GBX 239.50 ($3.13). The company has a market cap of $508.00 million and a P/E ratio of -5.52. The company’s 50-day moving average is GBX 171.07.

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 29th will be paid a GBX 1.20 ($0.02) dividend. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 0.73%. Chemring Group’s dividend payout ratio (DPR) is -0.09%.

About Chemring Group

Chemring Group PLC manufactures and supplies technology electronics and energetic products for defense and security agencies, and defense prime contractors in the United States, the United Kingdom, Australia, and Norway. It operates through three segments: Countermeasures, Sensors, and Energetic. The Countermeasures segment designs, develops, manufactures, and sells expendable countermeasures for protecting air, sea, and land platforms; and land–based electronic warfare equipment.

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