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Journeo Secures £10m Framework Agreement with First Bus UK

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Journeo Secures £10m Framework Agreement with First Bus UK

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The latest announcement is out from Journeo ( (GB:JNEO) ).

Journeo plc has announced a new £10 million framework agreement with First Bus UK, leveraging its Software as a Service (SaaS) platform. This agreement, which builds on a previous £9 million deal, will run for three years with an option to extend, and aims to enhance First Bus’s operations with advanced video processing, CCTV upgrades, and digital wing mirror technology. The collaboration supports First Bus’s goal of achieving a zero-emission fleet by 2035, and strengthens Journeo’s position in the transport sector by providing scalable, secure communications and data insights through its Journeo Portal.

Spark’s Take on GB:JNEO Stock

According to Spark, TipRanks’ AI Analyst, GB:JNEO is a Outperform.

Journeo’s overall stock score is bolstered by excellent financial performance and positive corporate events, reflecting strong growth potential and financial stability. The valuation suggests the stock is undervalued, adding to its investment appeal. However, technical analysis presents mixed signals, warranting cautious optimism.

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

More about Journeo

Journeo plc is a leading provider of Intelligent Transport Systems, offering solutions for towns, cities, airports, and public transport networks. The company collaborates with local and combined authorities, Network Rail, and multinational transport operators to enhance efficiency and sustainability. Journeo operates through five subsidiaries, focusing on fleet systems, passenger systems, information displays for rail applications, and technical services in Denmark and Sweden. The company has invested significantly in research and development to offer innovative, scalable solutions that integrate with existing technologies.

Average Trading Volume: 46,571

Technical Sentiment Signal: Strong Buy

Current Market Cap: £49.04M

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

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