Chemring Group (LON:CHG) Stock Rating Lowered by Berenberg Bank

Berenberg Bank lowered shares of Chemring Group (LON:CHG) to a hold rating in a research note 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 research note on Monday, June 3rd.

Shares of LON:CHG opened at GBX 176 ($2.30) on Wednesday. The company has a market capitalization of $492.88 million and a PE ratio of -5.38. The company has a debt-to-equity ratio of 31.94, a quick ratio of 0.42 and a current ratio of 0.96. Chemring Group has a 12 month low of GBX 134 ($1.75) and a 12 month high of GBX 239.50 ($3.13). The business’s 50 day moving average price is GBX 171.66.

The company also recently announced 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. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.73%. Chemring Group’s dividend payout ratio is currently -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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