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Chemring (CHG) (GB:CHG)
:CHG

Chemring (CHG) AI Stock Analysis

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GB

Chemring

(LSE:CHG)

Rating:74Outperform
Price Target:
581.00p
â–²(3.01%Upside)
Chemring's strong financial performance and strategic growth outlook, especially in key segments, drive the stock's appeal. However, high valuation concerns and short-term technical overbought conditions warrant cautious optimism.
Positive Factors
Revenue Growth
The feasibility study for a greenfield Energetics plant in Norway could significantly contribute to Chemring's revenue goals.
Strategic Position
The establishment of the new Cyber and Electromagnetic Activities Command plays into Chemring's strengths, enhancing its market position.
Negative Factors
Market Expectations
The lack of definitive timing and funding details may temper expectations for Chemring.
Revenue Coverage
The market may well look at revenue coverage for the group of 81% being behind the 5-year historical average at this point of the year (88%).

Chemring (CHG) vs. iShares MSCI United Kingdom ETF (EWC)

Chemring Business Overview & Revenue Model

Company DescriptionChemring Group PLC supplies countermeasures, sensors, and energetic solutions to aerospace, defense, and security industries in the United States, the United Kingdom, Norway, Australia, and internationally. The company operates through two segments, Sensors & Information and Countermeasures & Energetics. The Sensors & Information segment develops and manufactures explosive hazard detection equipment; chemical and biological threat detection equipment; and electronic countermeasures, as well as network protection technologies. The Countermeasures & Energetics segment offers expendable countermeasures for air, sea, and land platforms; cartridge/propellant actuated devices; pyrotechnic devices for satellite launch and deployment; missile components; separation sub-systems; actuators; and energetic materials, as well as aircrew egress and safety systems. Chemring Group PLC was incorporated in 1905 and is headquartered in Romsey, the United Kingdom.
How the Company Makes MoneyChemring Group PLC generates revenue through the production and sale of its core products: countermeasures, sensors, and energetics. The company's countermeasures division includes products designed to protect military aircraft from radar and infrared-guided threats. Its sensors division offers chemical and biological threat detection systems, as well as electronic warfare and cyber protection technologies. The energetics division provides explosive devices and materials used in munitions and pyrotechnics. Key revenue streams include government contracts, primarily with the United States and United Kingdom defense departments, as well as sales to other NATO and allied countries. Strategic partnerships and long-term supply agreements with military organizations and defense contractors further bolster Chemring's earnings.

Chemring Earnings Call Summary

Earnings Call Date:Jun 03, 2025
(Q2-2025)
|
% Change Since: 15.93%|
Next Earnings Date:Dec 23, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Chemring's strong financial performance and strategic positioning for future growth, particularly within the Countermeasures & Energetics segment, and benefited from a positive defense market outlook. However, challenges were noted in the Sensors & Information segment and Roke's near-term performance. Despite these challenges, the growth opportunities and strategic wins suggest a positive trajectory.
Q2-2025 Updates
Positive Updates
Record Order Intake and Order Book
Chemring achieved a record order intake of GBP 488 million, a 42% increase from last year, resulting in a GBP 1.3 billion order book, the highest in the company's history.
Strong Growth in Countermeasures & Energetics
Revenue for the Countermeasures & Energetics segment grew 20%, with operating profit up 73% and margin increased to 14.4%.
Improved Financial Metrics
Revenue increased by 5%, operating profit rose by 8%, and earnings per share grew by 3%. The group operating margin improved to 11.6%, with strong cash conversion at 80%.
Significant Long-Term Opportunities
Roke signed a GBP 251 million, 6-year STORM framework agreement and launched a new electronic warfare system, Deceive, attracting international interest from over 15 countries.
Strategic Defense Review and Market Opportunities
The U.K. Strategic Defense Review outlines increased defense spending and strategic opportunities for Chemring in cyber and electronic warfare, with defense budgets set to rise to 3% of GDP in the following parliament.
Negative Updates
Challenges in Sensors & Information Segment
Revenue in the Sensors & Information segment was down 12%, and operating profit decreased by 26% due to delays in U.K. government spending and completion of JBTDS LRIP.
FX Headwinds
A small foreign exchange headwind affected the period; on a constant currency basis, revenue would have increased by 6% and operating profit by 10%.
Roke Headcount Reduction and Delays
Roke experienced softness in U.K. order intake, leading to cost management actions including headcount reductions, attributed to the Strategic Defense Review workload.
Company Guidance
During the call, Chemring provided guidance for both short-term and long-term financial and operational performance. For Fiscal Year 2025, the Board's expectations remain unchanged, supported by 85% of expected revenue already delivered or in the order book. In the Countermeasures & Energetics segment, the company targets low double-digit growth with a 96% order cover, while the Sensors & Information segment aims for flat growth. Longer-term, Chemring maintains its ambition to increase annual revenue to GBP 1 billion by 2030, driven by enduring demand and strategic agreements with partners like Diehl, SAAB, and Northrop Grumman. The company also plans for Roke to grow at a high to mid-single-digit CAGR to GBP 250 million by FY '28. Chemring's growth strategy includes managing operational and financial risks while investing in capacity expansions and exploring mergers and acquisitions. The group aims for mid-teens operating margins in the medium term, with significant growth prospects in the next few years.

Chemring Financial Statement Overview

Summary
Chemring demonstrates strong financial performance with consistent revenue growth and solid profit margins. However, the net profit margin and cash flow management indicate areas for potential improvement.
Income Statement
85
Very Positive
Chemring has demonstrated strong financial performance with consistent revenue growth, evidenced by a 7.99% increase from 2023 to 2024. Gross profit margins remain robust at 100% due to the nature of the data. The EBIT margin improved to 11.38%, and the EBITDA margin to 16.20%, reflecting efficient operational management. However, the net profit margin of 7.74% suggests room for optimizing expenses or cost management.
Balance Sheet
78
Positive
The company's balance sheet shows a stable financial position with an improved debt-to-equity ratio of 0.27, indicating manageable leverage levels. The equity ratio stands at 51.47%, showing a solid equity base. Return on equity (ROE) is decent at 11.08%, though slightly lower than the previous year, suggesting potential areas for enhancing shareholder returns.
Cash Flow
70
Positive
Chemring's cash flow performance highlights some challenges, with a significant decrease in free cash flow from 2023 to 2024. The operating cash flow to net income ratio is strong at 2.05, indicating good cash generation relative to profits. However, the free cash flow to net income ratio of 0.29 suggests that capital expenditures might be impacting free cash flow generation.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
510.40M472.60M442.80M393.30M402.50M
Gross Profit
510.40M472.60M442.80M393.30M402.50M
EBIT
58.10M45.40M53.30M50.40M46.30M
EBITDA
82.70M67.10M71.20M75.50M75.10M
Net Income Common Stockholders
39.50M5.40M47.40M41.50M34.70M
Balance SheetCash, Cash Equivalents and Short-Term Investments
45.00M6.40M19.80M5.80M14.70M
Total Assets
692.10M596.40M620.10M531.50M541.40M
Total Debt
97.70M20.70M26.90M32.30M62.80M
Net Debt
52.70M14.30M7.10M26.50M48.10M
Total Liabilities
335.80M217.90M202.00M178.70M211.80M
Stockholders Equity
356.30M378.50M418.10M352.80M329.60M
Cash FlowFree Cash Flow
11.40M31.70M46.00M45.50M35.10M
Operating Cash Flow
81.00M65.90M80.50M75.70M75.90M
Investing Cash Flow
-47.60M-39.40M-30.50M-34.90M-25.40M
Financing Cash Flow
-37.30M-40.20M-35.80M-50.40M-32.10M

Chemring Technical Analysis

Technical Analysis Sentiment
Positive
Last Price564.00
Price Trends
50DMA
432.49
Positive
100DMA
392.57
Positive
200DMA
373.81
Positive
Market Momentum
MACD
43.19
Negative
RSI
81.61
Negative
STOCH
70.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CHG, the sentiment is Positive. The current price of 564 is above the 20-day moving average (MA) of 495.98, above the 50-day MA of 432.49, and above the 200-day MA of 373.81, indicating a bullish trend. The MACD of 43.19 indicates Negative momentum. The RSI at 81.61 is Negative, neither overbought nor oversold. The STOCH value of 70.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CHG.

Chemring Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBCHG
74
Outperform
£1.51B38.8111.62%1.85%8.00%674.47%
66
Neutral
$4.51B12.295.40%3.67%4.15%-12.21%
$74.59B30.3617.85%1.73%――
78
Outperform
£515.05M101.584.18%1.50%14.69%―
GBQQ
78
Outperform
£2.78B17.97-23.92%1.09%10.36%32.77%
76
Outperform
£688.07M30.4518.73%0.72%13.49%47.00%
GBSRP
72
Outperform
£1.96B46.314.71%2.92%-0.68%-78.93%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CHG
Chemring
564.00
190.50
51.00%
BAESF
BAE Systems
25.83
8.42
48.36%
GB:AVON
Avon Technologies
1,732.00
465.01
36.70%
GB:CHRT
Cohort plc
1,510.00
732.57
94.23%
GB:SRP
Serco Group plc
194.70
28.78
17.35%
GB:QQ
QinetiQ
505.00
64.10
14.54%

Chemring Corporate Events

Stock Buyback
Chemring Group PLC Executes Share Buyback
Positive
Jun 4, 2025

Chemring Group PLC, a company involved in the defense and security industry, has announced the repurchase of 59,852 of its ordinary shares at a weighted average price of 490.8067 pence per share. This transaction is part of a buyback program initiated earlier in the year, with the intent to cancel the purchased shares, potentially enhancing shareholder value and optimizing the capital structure.

The most recent analyst rating on (GB:CHG) stock is a Buy with a £460.00 price target. To see the full list of analyst forecasts on Chemring stock, see the GB:CHG Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Chemring Reports Record Order Book and Strong Growth Prospects
Positive
Jun 3, 2025

Chemring Group PLC announced its interim results for the six months ending April 30, 2025, reporting a record order book and order intake, with revenue growth driven by strong performance in its Countermeasures & Energetics segment. The company’s financial performance aligns with board expectations, maintaining strong long-term growth prospects due to robust customer demand and a high-quality pipeline of growth opportunities. Despite an increase in net debt due to capital expenditure, Chemring remains well-positioned to capitalize on increased defense spending, particularly across NATO, aiming to achieve £1bn in revenue by 2030.

The most recent analyst rating on (GB:CHG) stock is a Buy with a £460.00 price target. To see the full list of analyst forecasts on Chemring stock, see the GB:CHG Stock Forecast page.

Executive/Board Changes
Chemring Appoints Pete Raby as Non-Executive Director
Positive
Jun 3, 2025

Chemring Group PLC has announced the appointment of Pete Raby as an independent non-executive director, effective from September 1, 2025. Raby, who is currently the CEO of Morgan Advanced Materials plc, brings a wealth of experience in global technology and manufacturing operations, having led significant transformations at Morgan. His appointment is expected to contribute to Chemring’s continued development and performance, enhancing its strategic positioning in the industry.

The most recent analyst rating on (GB:CHG) stock is a Buy with a £460.00 price target. To see the full list of analyst forecasts on Chemring stock, see the GB:CHG Stock Forecast page.

Regulatory Filings and Compliance
Chemring Group PLC Announces Capital Structure Update
Neutral
May 1, 2025

Chemring Group PLC announced its capital structure as of April 30, 2025, consisting of 272,349,319 ordinary shares with voting rights and 62,500 cumulative preference shares without voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure and Transparency Rules, impacting how they manage their interests in the company.

Stock Buyback
Chemring Executes Share Buyback to Boost Shareholder Value
Positive
Apr 29, 2025

Chemring Group PLC has repurchased 6,260 of its ordinary shares at a weighted average price of 389.9305 pence per share, as part of a buyback program announced earlier in February 2025. The company plans to cancel these shares, which could potentially enhance shareholder value and reflect confidence in its financial health.

Stock Buyback
Chemring Executes Share Buyback as Part of Ongoing Program
Positive
Apr 28, 2025

Chemring Group PLC has executed a share buyback, purchasing 18,381 of its ordinary shares at a weighted average price of 387.4813 pence per share. This transaction is part of a previously announced buyback program, and the company plans to cancel the purchased shares, potentially impacting its share capital structure and signaling confidence in its financial position.

Stock Buyback
Chemring Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 25, 2025

Chemring Group PLC has executed a share buyback program, purchasing 20,000 of its ordinary shares at a weighted average price of 380.7649 pence per share. This move, part of a previously announced buyback program, is aimed at canceling the purchased shares, potentially enhancing shareholder value by reducing the number of shares in circulation.

Stock Buyback
Chemring Group Enhances Shareholder Value with Share Buyback
Positive
Apr 24, 2025

Chemring Group PLC has repurchased 19,983 of its ordinary shares at a weighted average price of 382.3015 pence per share as part of its ongoing buyback program announced in February 2025. The company plans to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and strengthening its market position.

Stock Buyback
Chemring Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 23, 2025

Chemring Group PLC has repurchased 20,000 of its ordinary shares at a weighted average price of 385.4697 pence per share, as part of its buyback program announced in February 2025. This move to cancel the purchased shares is expected to enhance shareholder value and reflects the company’s commitment to optimizing its capital structure.

Stock Buyback
Chemring Group Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 22, 2025

Chemring Group PLC announced the repurchase of 17,155 of its ordinary shares at an average price of 380.9460 pence per share as part of a buyback program initiated in February 2025. This move is intended to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Chemring Executes Share Buyback as Part of Strategic Program
Positive
Apr 17, 2025

Chemring Group PLC has executed a share buyback, purchasing 8,610 of its ordinary shares at prices ranging from 388.50 to 390.00 pence per share, with a weighted average price of 389.6781 pence. This transaction is part of a previously announced buyback program, and the company intends to cancel the acquired shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.

Stock BuybackBusiness Operations and Strategy
Chemring Executes Share Buyback as Part of Capital Optimization Strategy
Positive
Apr 15, 2025

Chemring Group PLC has executed a share buyback, purchasing 2,726 of its ordinary shares at a weighted average price of 377.5325 pence per share, with plans to cancel these shares. This move is part of a previously announced buyback program, potentially enhancing shareholder value and optimizing the company’s capital structure.

Stock Buyback
Chemring Group Executes Share Buyback to Boost Shareholder Value
Positive
Apr 14, 2025

Chemring Group PLC has announced the repurchase of 40,000 of its ordinary shares at a weighted average price of 370.7997 pence per share, as part of its ongoing buyback program initiated in February 2025. This move is intended to cancel the purchased shares, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Chemring Executes Share Buyback as Part of Strategic Program
Positive
Apr 11, 2025

Chemring Group PLC has executed a share buyback, purchasing 38,015 ordinary shares at prices ranging from 368.00 to 378.50 pence per share, with a weighted average of 371.3418 pence. This move is part of a previously announced buyback program and aims to cancel the purchased shares, potentially impacting the company’s share value and signaling confidence in its financial health.

Stock Buyback
Chemring Executes Share Buyback to Enhance Shareholder Value
Neutral
Apr 10, 2025

Chemring Group PLC has repurchased 40,000 of its ordinary shares as part of a buyback program announced earlier this year. The shares were purchased at prices ranging from 346.50 to 361.00 pence and will be canceled, potentially impacting the company’s share value and market perception by reducing the number of shares outstanding.

Stock Buyback
Chemring Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 9, 2025

Chemring Group PLC has executed a share buyback program, purchasing 37,582 of its ordinary shares at prices ranging from 360 to 370 pence per share, with a weighted average price of 365.5526 pence. The company intends to cancel these shares, which is part of a previously announced buyback program. This move is likely to impact the company’s share value positively by reducing the number of shares in circulation, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Chemring Group Executes Share Buyback as Part of Strategic Program
Positive
Apr 8, 2025

Chemring Group PLC announced the repurchase of 19,908 of its ordinary shares at prices ranging from 342 to 371 pence per share, with a weighted average of 354.0527 pence. This buyback is part of a previously announced program and the company intends to cancel the purchased shares, potentially enhancing shareholder value and signaling confidence in its financial health.

Stock BuybackBusiness Operations and Strategy
Chemring Executes Share Buyback to Optimize Capital Structure
Positive
Apr 7, 2025

Chemring Group PLC has executed a share buyback program, purchasing 20,000 of its ordinary shares at prices ranging from 370 to 390 pence per share, with a weighted average price of 377.6649 pence. This move is part of a previously announced buyback program and indicates a strategic effort to optimize capital structure, potentially enhancing shareholder value by reducing the number of outstanding shares.

Business Operations and StrategyRegulatory Filings and Compliance
Schroders Increases Stake in Chemring Group PLC
Neutral
Apr 3, 2025

Schroders Plc has increased its voting rights in Chemring Group PLC to 5.0192%, crossing a significant threshold as of March 28, 2025. This acquisition of voting rights indicates a strategic move by Schroders to strengthen its influence within Chemring, potentially impacting the company’s governance and future strategic decisions.

Stock BuybackBusiness Operations and Strategy
Chemring Executes Share Buyback as Part of Strategic Capital Management
Positive
Apr 3, 2025

Chemring Group PLC has executed a share buyback, purchasing 17,965 of its ordinary shares at prices ranging from 386.50 to 390.00 pence per share, with a weighted average price of 388.9422 pence. This move is part of a previously announced buyback program and indicates a strategic effort to manage capital structure, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

Business Operations and Strategy
Roke Secures Major UK Missile Defence Contract
Positive
Apr 2, 2025

Roke, a part of Chemring Group PLC, has secured a significant multi-year contract with the UK Ministry of Defence for missile defence, known as the STORM framework. This £251 million contract positions Roke as a key player in the UK’s missile defence ecosystem, enhancing its role in national defence and security by addressing current and future threats such as ballistic and hypersonic missiles. The contract will bolster Roke’s influence in UK defence decision-making and development of next-generation missile defence capabilities, reinforcing its reputation as a trusted partner in solving complex security challenges.

Stock Buyback
Chemring Group PLC Executes Share Buyback Program
Positive
Apr 2, 2025

Chemring Group PLC announced the repurchase of 19,223 of its ordinary shares as part of a buyback program initiated in February 2025. The shares were bought at prices ranging from 369.50 to 380.50 pence and will be canceled, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

Regulatory Filings and Compliance
Chemring Group PLC Announces Capital Structure Update
Neutral
Apr 1, 2025

Chemring Group PLC has announced its capital structure as of March 31, 2025, which includes 272,731,749 ordinary shares with voting rights and 62,500 cumulative preference shares without voting rights, except in specific situations. This disclosure aligns with the FCA’s rules and assists shareholders in determining their notification obligations regarding their interests in the company.

Stock BuybackBusiness Operations and Strategy
Chemring Group PLC Executes Share Buyback to Optimize Capital Structure
Positive
Apr 1, 2025

Chemring Group PLC has repurchased 20,000 of its ordinary shares at a weighted average price of 371.3588 pence per share as part of its ongoing buyback program. This move, aimed at canceling the shares, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Business Operations and Strategy
Schroders Plc Increases Stake in Chemring Group PLC
Neutral
Mar 31, 2025

Schroders Plc has increased its voting rights in Chemring Group PLC to 5.013396% as of March 28, 2025. This acquisition of voting rights may influence Chemring’s strategic decisions and reflects Schroders’ growing interest in the company’s operations, potentially impacting stakeholder dynamics and market perceptions.

Stock BuybackBusiness Operations and Strategy
Chemring Group Executes Share Buyback to Optimize Capital Structure
Positive
Mar 28, 2025

Chemring Group PLC has repurchased 20,000 of its ordinary shares as part of a buyback program announced earlier in February 2025. The shares were purchased at prices ranging from 377 to 386 pence, with a weighted average price of 381.6539 pence, and are intended to be canceled. This move is part of Chemring’s strategy to optimize its capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Chemring Group Executes Share Buyback to Enhance Market Position
Positive
Mar 27, 2025

Chemring Group PLC announced the repurchase of 20,000 of its ordinary shares through Investec Bank plc, with plans to cancel these shares as part of a buyback program initiated in February 2025. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic effort to strengthen its market position.

Stock BuybackBusiness Operations and Strategy
Chemring Executes Share Buyback as Part of Capital Optimization Strategy
Positive
Mar 26, 2025

Chemring Group PLC has executed a buyback of 20,000 ordinary shares at prices ranging from 373.00 to 377.00 pence per share, with a weighted average price of 374.9252 pence. This transaction is part of a previously announced buyback program, and the company plans to cancel the purchased shares, potentially enhancing shareholder value and optimizing capital structure.

Stock Buyback
Chemring Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 25, 2025

Chemring Group PLC has executed a share buyback program, purchasing 19,151 of its ordinary shares at prices ranging from 371.00 to 379.50 pence, with a weighted average price of 374.7598 pence. The company intends to cancel these shares, a move that may positively impact its share value and demonstrate financial stability, potentially benefiting shareholders by increasing earnings per share.

Stock Buyback
Chemring Group Executes Share Buyback Program
Neutral
Mar 24, 2025

Chemring Group PLC announced the purchase of 18,593 of its ordinary shares through Investec Bank plc, as part of a buyback program initiated in February 2025. The shares were bought at a weighted average price of 372.8881 pence and are intended to be canceled, a move that could impact the company’s share value and market perception by reducing the number of shares in circulation.

Stock Buyback
Chemring Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 21, 2025

Chemring Group PLC has executed a share buyback program, purchasing 60,000 of its ordinary shares at prices ranging from 372.50 to 384.50 pence per share, with a weighted average price of 377.9359 pence. The company intends to cancel these shares, which is part of a previously announced buyback program, potentially enhancing shareholder value and optimizing capital structure.

Stock Buyback
Chemring Group PLC Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 20, 2025

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.

Stock BuybackBusiness Operations and Strategy
Chemring Group Executes Share Buyback to Optimize Capital Structure
Positive
Mar 14, 2025

Chemring Group PLC announced the purchase of 17,531 of its ordinary shares through Investec Bank plc, with the intention to cancel these shares as part of a buyback program initiated on 26 February 2025. This move is part of Chemring’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach in optimizing its financial operations.

Stock Buyback
Chemring Group Initiates Share Buyback Program
Positive
Mar 13, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.