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Tekmar Group plc ( (GB:TGP) ) has provided an update.
Tekmar Group plc has issued 166,667 new ordinary shares to its Chief Financial Officer, Leanne Wilkinson, following the exercise of options under the company’s Share Option Plan. This issuance increases the company’s total share capital to 138,888,737 ordinary shares, which will be admitted to trading on AIM. This move is part of Tekmar’s strategy to reinforce its position in the offshore energy market by enhancing its financial structure, potentially impacting shareholder interests and market dynamics.
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 technology and services for the global offshore energy markets. The company specializes in engineering solutions that support and protect offshore wind farms and other energy assets, with a focus on geotechnical design, subsea protection, and stability technology. Headquartered in Newton Aycliffe, UK, Tekmar operates globally with a presence in 18 locations across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 115,268
Technical Sentiment Signal: Sell
Current Market Cap: £7.91M
For an in-depth examination of TGP stock, go to TipRanks’ Overview page.