Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

379.00p
   
  • Change Today:
      5.50p
  • 52 Week High: 386.00
  • 52 Week Low: 255.50
  • Currency: UK Pounds
  • Shares Issued: 272.35m
  • Volume: 609,483
  • Market Cap: £1,032.22m
  • RiskGrade: 157

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

Email this article to a friend

or share it with one of these popular networks:


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 379.00p
Change Today 5.50p
% Change 1.47 %
52 Week High 386.00
52 Week Low 255.50
Volume 609,483
Shares Issued 272.35m
Market Cap £1,032.22m
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.95% below the market average91.95% below the market average91.95% below the market average91.95% below the market average91.95% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
84.73% above the market average84.73% above the market average84.73% above the market average84.73% above the market average84.73% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income
64.96% below the market average64.96% below the market average64.96% below the market average64.96% below the market average64.96% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
44.11% below the market average44.11% below the market average44.11% below the market average44.11% below the market average44.11% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% 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
  Final Interim
Ex-Div 21-Mar-24 17-Aug-23
Paid 12-Apr-24 08-Sep-23
Amount 4.60p 2.30p

Trades for 29-Apr-2024

Time Volume / Share Price
15:43 790 @ 379.37p
15:40 2,635 @ 379.37p
15:38 89,746 @ 379.00p
15:38 25,754 @ 379.00p
15:38 539 @ 379.00p

Chemring Group Key Personnel

CFO James Mortensen

Top of Page