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An announcement from Petards ( (GB:PEG) ) is now available.
Petards Group PLC has secured a £0.65 million contract extension from the Ministry of Defence for supporting the Royal Air Force’s communication infrastructure, with potential revenues exceeding £1 million over the three-year term. This contract extension enhances Petards’ long-standing relationship with the RAF, supports UK jobs, and strengthens the company’s position in the defence sector.
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 is a developer of advanced security, communication, and surveillance systems, primarily operating in the defence sector. Its subsidiary, Petards Joyce-Loebl, specializes in high-quality defence technology, with a history dating back to the 1950s. The company is based in the North East of England and employs a skilled team focused on maintaining specialist skills in the defence industry.
Average Trading Volume: 41,628
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.55M
For a thorough assessment of PEG stock, go to TipRanks’ Stock Analysis page.