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An update from Chemring ( (GB:CHG) ) is now available.
Chemring Group PLC announced the repurchase of 59,794 of its ordinary shares at a weighted average price of 388.7913 pence per share as part of its buyback program. The company plans to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of outstanding shares and increasing earnings per share.
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 worldwide.
YTD Price Performance: 17.50%
Average Trading Volume: 1,652,452
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.06B
See more data about CHG stock on TipRanks’ Stock Analysis page.