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Chemring ( (GB:CHG) ) has issued an update.
Chemring Group PLC announced the vesting of 100,249 deferred ordinary shares awarded to Michael Ord, a company director, as part of his annual bonus for the year ended October 2022. The shares were sold, with a portion used to cover tax liabilities, reflecting the company’s ongoing commitment to transparent financial practices and aligning executive compensation with performance outcomes.
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 and aerospace industry, focusing on the production of countermeasures, sensors, and energetic materials. The company serves military, security, and safety markets worldwide, providing advanced technology solutions to enhance defense capabilities.
Average Trading Volume: 1,054,678
Technical Sentiment Signal: Hold
Current Market Cap: £1.28B
For detailed information about CHG stock, go to TipRanks’ Stock Analysis page.