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Tekmar Group plc ( (GB:TGP) ) has shared an announcement.
Tekmar Group plc has announced the issuance of 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 move increases the company’s total voting rights to 138,888,737 shares, which will be used by shareholders to determine their interests in the company. The new shares are set to commence trading on AIM, reflecting Tekmar’s ongoing commitment to strengthening its market position and shareholder engagement.
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, focusing on engineering solutions for offshore wind farms and marine infrastructure. With nearly 40 years of experience, the company offers geotechnical design, subsea protection, and stability technologies, aiming to optimize projects, improve safety, and reduce costs. Headquartered in Newton Aycliffe, UK, Tekmar operates globally with offices and partnerships 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.