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The latest announcement is out from Tekmar Group plc ( (GB:TGP) ).
Tekmar Group plc announced an update regarding its Non-Executive Chairman, Steve Lockard, who is also a director at TPI Composites, Inc., a company that has initiated voluntary chapter 11 proceedings in the US Bankruptcy Court. Additionally, Tekmar confirmed that its CEO, Richard Turner, was previously a director at Change Architecture Ltd within the last five years. These disclosures are in compliance with AIM Rule 17 and Schedule 2(g), ensuring transparency in the company’s governance.
The most recent analyst rating on (GB:TGP) stock is a Hold with a £6.00 price target. To see the full list of analyst forecasts on Tekmar Group plc stock, see the GB:TGP Stock Forecast page.
Spark’s Take on GB:TGP Stock
According to Spark, TipRanks’ AI Analyst, GB:TGP is a Neutral.
Tekmar Group plc’s overall stock score is primarily influenced by its financial performance challenges, particularly in profitability and cash flow. However, recent corporate events, including securing major contracts and strategic leadership changes, provide a positive outlook for future growth. Technical analysis indicates neutral momentum with potential for improvement, while valuation metrics remain a concern due to ongoing losses.
To see Spark’s full report on GB:TGP stock, click here.
More about Tekmar Group plc
Tekmar Group plc is a leading provider of asset protection technology and offshore energy services, focusing on engineering solutions to support and protect offshore wind farms and other marine infrastructure. With nearly 40 years of experience, Tekmar offers a range of services including geotechnical design, subsea protection, and bespoke equipment design, operating globally with a presence in 18 locations across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 114,410
Technical Sentiment Signal: Sell
Current Market Cap: £8.32M
See more data about TGP stock on TipRanks’ Stock Analysis page.