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Cordel Group Secures Major Contract with V/Line in Australia

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Cordel Group Secures Major Contract with V/Line in Australia

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Cordel Group PLC ( (GB:CRDL) ) just unveiled an update.

Cordel Group PLC has secured a new contract with V/Line, a major Australian railway operator, to conduct an eight-week data capture program on the V/Line Northern and Western Corridors. This contract involves using Cordel’s Rugged LiDAR hardware and Multimodal AI to provide detailed rail corridor data, which will be accessible to V/Line stakeholders via the Cordel Connect web platform. This partnership highlights Cordel’s technological leadership and its ability to deliver critical insights efficiently, further solidifying its presence in the Australian market.

The most recent analyst rating on (GB:CRDL) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Cordel Group PLC stock, see the GB:CRDL Stock Forecast page.

Spark’s Take on GB:CRDL Stock

According to Spark, TipRanks’ AI Analyst, GB:CRDL is a Neutral.

Cordel Group PLC’s score reflects solid corporate activities and potential for growth, tempered by ongoing financial challenges and weak valuation metrics. Positive corporate events, such as securing significant contracts and strategic product launches, are key strengths, while persistent operational inefficiencies and negative cash flows limit the score.

To see Spark’s full report on GB:CRDL stock, click here.

More about Cordel Group PLC

Cordel Group PLC is a company that specializes in producing hardware and software for the transport sector, focusing on capturing, analyzing, and reporting large datasets using advanced artificial intelligence algorithms.

Average Trading Volume: 201,875

Technical Sentiment Signal: Hold

Current Market Cap: £14.1M

Learn more about CRDL stock on TipRanks’ Stock Analysis page.

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