TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Chemring ( (GB:CHG) ) has issued an announcement.
Chemring Group PLC, a company involved in the defense and aerospace industry, has announced the repurchase of 59,613 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 475.50 pence to 489.50 pence, with a weighted average price of 479.7230 pence. The company intends to cancel these shares as part of its buyback program initiated on 26 February 2025, which may impact its share capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:CHG) stock is a Buy with a £600.00 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
Average Trading Volume: 909,305
Technical Sentiment Signal: Buy
Current Market Cap: £1.32B
Find detailed analytics on CHG stock on TipRanks’ Stock Analysis page.