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The latest announcement is out from Petards ( (GB:PEG) ).
Petards Group PLC has secured a £2.2 million contract with Rheinmetall BAE Systems Land Limited for the Challenger 3 Upgrade Programme, marking its largest defense engineering services order in years. This contract highlights Petards’ strong reputation and expertise in military vehicle systems, potentially enhancing its role in future phases of the program.
The most recent analyst rating on (GB:PEG) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Petards stock, see the GB:PEG Stock Forecast page.
Spark’s Take on GB:PEG Stock
According to Spark, TipRanks’ AI Analyst, GB:PEG is a Neutral.
The overall stock score is primarily influenced by financial performance and technical analysis. The company’s operational challenges and negative financial indicators are significant concerns. Technical analysis suggests bearish momentum, further impacting the score. Valuation reflects the company’s struggles with profitability.
To see Spark’s full report on GB:PEG stock, click here.
More about Petards
Petards Group PLC, through its subsidiary Petards Joyce-Loebl, specializes in advanced security, communication, and surveillance systems, with a strong focus on the defense sector. Based in the North East of England, the company has a rich history dating back to the 1950s, providing high-quality defense technology and maintaining skilled jobs in traditional manufacturing regions.
Average Trading Volume: 39,888
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.55M
See more insights into PEG stock on TipRanks’ Stock Analysis page.