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An announcement from Chemring ( (GB:CHG) ) is now available.
Chemring Group PLC has announced a correction to a previous statement regarding the issuance of 571,620 Ordinary Shares. The shares are being issued to fulfill part of the deferred consideration for an acquisition completed in December 2022. The new shares will be admitted to the Official List of the FCA and traded on the Main Market of the LSE, with admission expected to be effective on 12 December 2025.
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 advanced technology products and services. The company is known for its work in countermeasures, sensors, and energetics, serving a global market with a strong emphasis on innovation and security solutions.
Average Trading Volume: 1,028,025
Technical Sentiment Signal: Buy
Current Market Cap: £1.28B
Find detailed analytics on CHG stock on TipRanks’ Stock Analysis page.