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The latest announcement is out from Chemring ( (GB:CHG) ).
Chemring Group PLC announced the vesting of 42,838 deferred ordinary shares previously granted to director Sarah Ellard as part of her annual bonus for the fiscal year ending October 2022. The shares were sold, with a portion covering tax and national insurance liabilities, reflecting a routine transaction in executive compensation management.
The most recent analyst rating on (GB:CHG) stock is a Buy with a £640.00 price target. To see the full list of analyst forecasts on Chemring stock, see the GB:CHG Stock Forecast page.
Spark’s Take on GB:CHG Stock
According to Spark, TipRanks’ AI Analyst, GB:CHG is a Neutral.
Chemring’s strong financial performance and positive earnings call are offset by bearish technical indicators and a high valuation. The company’s strategic growth initiatives and robust order book support a positive long-term outlook, but current market conditions and valuation concerns weigh on the score.
To see Spark’s full report on GB:CHG stock, click here.
More about Chemring
Chemring Group PLC operates in the defense industry, specializing in the production of countermeasures, sensors, and energetic systems. The company focuses on providing advanced technologies and services to military and security markets worldwide.
Average Trading Volume: 1,054,678
Technical Sentiment Signal: Hold
Current Market Cap: £1.28B
Find detailed analytics on CHG stock on TipRanks’ Stock Analysis page.