Chemring ( (GB:CHG) ) has provided an update.
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.
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, catering to a global clientele.
YTD Price Performance: 14.02%
Average Trading Volume: 1,679,258
Technical Sentiment Signal: Strong Sell
Current Market Cap: £996.7M
See more insights into CHG stock on TipRanks’ Stock Analysis page.