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An update from Sabien Technology ( (GB:SNT) ) is now available.
Sabien Technology Group plc has announced a strategic agreement with City Oil Field, Inc. (COF) of the Republic of Korea to enhance their collaboration in CO₂ and energy-reduction technologies. This agreement follows the successful commissioning of COF’s first commercial Regenerated Green Oil production plant in Korea, which Sabien executives attended. The partnership includes Sabien acquiring a minority equity interest in COF and extending their UK Sales Agency Agreement to additional international territories. The agreement aims to explore international trade opportunities for sustainable oil products, positioning Sabien to address global plastic recycling challenges and benefit shareholders and the environment.
The most recent analyst rating on (GB:SNT) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Sabien Technology stock, see the GB:SNT Stock Forecast page.
Spark’s Take on GB:SNT Stock
According to Spark, TipRanks’ AI Analyst, GB:SNT is a Neutral.
Sabien Technology’s overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. However, recent strategic expansions in CO2 mitigation technology offer a glimmer of hope for future growth, partially balancing the negative financial outlook.
To see Spark’s full report on GB:SNT stock, click here.
More about Sabien Technology
Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions. The company holds the Green Economy Mark from the London Stock Exchange, recognizing companies generating over 50% of their revenues from sustainable products and services.
Average Trading Volume: 392,198
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.88M
Learn more about SNT stock on TipRanks’ Stock Analysis page.