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An announcement from Chemring ( (GB:CHG) ) is now available.
Chemring Group PLC has announced a share buyback, purchasing 59,757 of its ordinary shares at a weighted average price of 387.0634 pence per share. This move is part of a previously announced buyback program and aims to cancel the purchased shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Chemring
Chemring Group PLC operates in the defense and aerospace industry, specializing in the manufacture of countermeasures, sensors, and energetic materials. The company focuses on providing advanced technology solutions to military and security markets globally.
YTD Price Performance: 15.68%
Average Trading Volume: 1,662,033
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.06B
For detailed information about CHG stock, go to TipRanks’ Stock Analysis page.
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