Tekmar Group Expands Stake in Ryder Geotechnical with New Share Issuance

Tekmar Group plc ( (GB:TGP) ) has provided an announcement.

Tekmar Group plc has issued 458,716 ordinary shares as part of its agreement to acquire the remaining 20% of Ryder Geotechnical. This transaction, which involves the issuance of shares to Nigel Martin and Fraser Gibson, reflects Tekmar’s strategic efforts to consolidate its holdings and strengthen its market position in the offshore energy sector. The new shares will be admitted to trading on AIM, increasing the total number of shares in issue to 139,551,387, which stakeholders should consider for their shareholding calculations.

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 impacted by its weak financial performance, characterized by negative profitability and cash flow issues. The technical analysis provides some positive signals, but these are not strong enough to offset the financial challenges. The valuation is also unattractive due to the negative P/E ratio and lack of dividend yield.

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 delivers engineering-led solutions to support offshore wind farms and other marine infrastructure, focusing on geotechnical design, subsea protection, and stability technology. With nearly 40 years of experience, Tekmar operates globally with offices and partnerships across Europe, Africa, the Middle East, Asia Pacific, and North America.

Average Trading Volume: 651,297

Technical Sentiment Signal: Hold

Current Market Cap: £10.08M

Find detailed analytics on TGP stock on TipRanks’ Stock Analysis page.