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Chemring ( (GB:CHG) ) has shared an announcement.
Chemring Group PLC has announced the repurchase of 59,552 of its ordinary shares at a weighted average price of 468.8170 pence per share, as part of its ongoing buyback program initiated in February 2025. The company plans to cancel the purchased shares, which could potentially enhance shareholder value by reducing the number of shares outstanding and improving earnings per share.
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, specializing in the production of advanced technology products and services for military and security markets. The company focuses on providing solutions in areas such as countermeasures, sensors, and energetics, serving a global customer base.
Average Trading Volume: 1,024,795
Technical Sentiment Signal: Buy
Current Market Cap: £1.29B
Learn more about CHG stock on TipRanks’ Stock Analysis page.