Cordel Group Secures Major USA Rail Contract

The latest update is out from Cordel Group PLC ( (GB:CRDL) ).

Cordel Group PLC has secured a new five-year contract with a leading Class 1 freight railroad in the USA, valued at over $3.7 million, with an additional $3.8 million provision for their upcoming PTC Asset Management SaaS. This contract, which involves the use of Cordel’s AI-driven platform for rail corridor data analytics, marks Cordel’s second Class 1 multi-year contract and third major customer in the USA, alongside Amtrak and Genesee & Wyoming, reinforcing its position as a leader in transport corridor analytics.

Spark’s Take on GB:CRDL Stock

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

Cordel Group PLC’s overall stock score reflects a combination of strong revenue growth and positive corporate developments, offset by significant challenges in profitability and cash flow generation. While technical indicators are mixed, recent strategic advancements in contracts and technology suggest potential for future growth. However, valuation concerns due to a negative P/E ratio and the absence of a dividend yield weigh on the overall score.

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

More about Cordel Group PLC

Cordel Group PLC 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: 232,205

Technical Sentiment Signal: Buy

Current Market Cap: £14.64M

Find detailed analytics on CRDL stock on TipRanks’ Stock Analysis page.