TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Tekmar Group plc ( (GB:TGP) ) just unveiled an announcement.
Tekmar Group plc has secured a significant contract worth over €3.5 million to supply cable protection technology for a major offshore energy project in the Middle East, marking its largest polyurethane cable protection deal with this customer. This contract underscores Tekmar’s growing influence and trust in the region, following a previous $10 million contract, and highlights its position as a leader in asset protection technology, driven by innovation and proven performance.
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 asset protection technology and offshore energy services, specializing in engineering solutions for offshore wind farms and other energy assets. With nearly 40 years of experience, the company offers a range of services including geotechnical design, simulation, subsea protection, and stability technology. Headquartered in the UK, Tekmar operates globally with a presence in 18 locations across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 754,477
Technical Sentiment Signal: Strong Sell
Current Market Cap: £7.75M
For a thorough assessment of TGP stock, go to TipRanks’ Stock Analysis page.