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Tekmar Group plc ( (GB:TGP) ) has issued an announcement.
Tekmar Group plc has secured a substantial €8 million contract for its innovative 10th Generation Cable Protection System (CPS) and related services for a major UK offshore wind project. This milestone deal underscores Tekmar’s market leadership in subsea asset protection, where its technologies safeguard two-thirds of the world’s offshore wind capacity, and bolsters its growing order book and long-term revenue prospects, enhancing operational visibility.
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, headquartered in Newton Aycliffe, UK, specializes in engineering-led solutions for offshore energy and marine infrastructure projects. With nearly four decades of expertise, the company offers products and services such as subsea protection and stability technologies, geotechnical design, simulation analysis, and bespoke engineering solutions to support global energy transition efforts. Tekmar operates through global locations across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 643,471
Technical Sentiment Signal: Hold
Current Market Cap: £10.43M
Learn more about TGP stock on TipRanks’ Stock Analysis page.