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Pennant International ( (GB:PEN) ) has provided an announcement.
Pennant International Group plc has secured a contract with the UK Ministry of Defence for the GenFly upgrade, valued at up to £5.75 million. This contract aligns with Pennant’s strategy to enhance its Training Systems business while continuing to develop its Auxilium suite. With this award and previous wins, the company has secured orders totaling £9.5 million, indicating strong progress in its negotiations for additional opportunities.
The most recent analyst rating on (GB:PEN) stock is a Hold with a £22.00 price target. To see the full list of analyst forecasts on Pennant International stock, see the GB:PEN Stock Forecast page.
Spark’s Take on GB:PEN Stock
According to Spark, TipRanks’ AI Analyst, GB:PEN is a Neutral.
The overall stock score for Pennant International is primarily impacted by its weak financial performance, characterized by ongoing profitability challenges and negative cash flow. Technical analysis provides mixed signals, with bearish trends dominating. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield. These factors collectively result in a low overall score.
To see Spark’s full report on GB:PEN stock, click here.
More about Pennant International
Pennant International Group plc is a technology-driven global provider of system support software and services, technical services, and training solutions. It operates in key markets such as Aerospace, Defence, and Rail, as well as adjacent safety-critical sectors like Shipping, Nuclear, and Space. The company focuses on sustainable recurring and repeatable revenues, emphasizing high-margin software and services amidst increasing defence budgets and technological complexities.
Average Trading Volume: 57,620
Technical Sentiment Signal: Sell
Current Market Cap: £9.75M
For an in-depth examination of PEN stock, go to TipRanks’ Overview page.