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. Berenberg Bank currently has GBX 190 ($2.48) price objective on the stock, up from their previous price objective of GBX 180 ($2.35).

Separately, Peel Hunt reaffirmed a buy rating on shares of Polar Capital in a report on Monday, June 3rd.

LON:CHG opened at GBX 176 ($2.30) on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 31.94. The firm has a market capitalization of $492.88 million and a P/E ratio of -5.38. Chemring Group has a one year low of GBX 134 ($1.75) and a one year high of GBX 239.50 ($3.13). The stock has a 50-day moving average price of GBX 171.66.

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