Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

360.50p
   
  • Change Today:
      4.00p
  • 52 Week High: 414.00p
  • 52 Week Low: 310.00p
  • Currency: UK Pounds
  • Shares Issued: 272.63m
  • Volume: 311,428
  • Market Cap: £982.82m
  • RiskGrade: 157
  • Beta: 1.03

Chemring gets €66m from EU to boost shell production

By Frank Prenesti

Date: Monday 18 Mar 2024

LONDON (ShareCast) - (Sharecast News) - UK defence contractor Chemring said it had received €66.7m (£57m) from the European Union as part of a €513m funding round to enhance ammunition production capacity.
The EU aims to increase the bloc's annual output of shells to two million by 2025 to help counter a shortage in Ukraine as it continues to fight invading Russian forces.

The funding awards are part of the Act in Support of Ammunition Production (ASAP) programme - a direct response to the European Council's call in March 2023 to urgently deliver ammunition, and missiles if requested, to Ukraine and to help Member States refill their stocks by introducing targeted measures, Chemring said on Monday.

It added that it had also received 428 million Norwegian kroner (£32m) from the Norwegian government of Norway.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chemring Group Market Data

Currency UK Pounds
Share Price 360.50p
Change Today 4.00p
% Change 1.12 %
52 Week High 414.00p
52 Week Low 310.00p
Volume 311,428
Shares Issued 272.63m
Market Cap £982.82m
Beta 1.03
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
38.43% above the market average38.43% above the market average38.43% above the market average38.43% above the market average38.43% above the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
63.73% below the market average63.73% below the market average63.73% below the market average63.73% below the market average63.73% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
29.48% below the market average29.48% below the market average29.48% below the market average29.48% below the market average29.48% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 1
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Chemring Group Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-24 21-Mar-24
Paid 06-Sep-24 12-Apr-24
Amount 2.60p 4.60p

Trades for 22-Nov-2024

Time Volume / Share Price
16:35 247 @ 360.50p
16:35 2,177 @ 360.50p
16:35 162,120 @ 360.50p
16:35 1 @ 360.50p
16:35 3,182 @ 360.50p

Chemring Group Key Personnel

CFO James Mortensen

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