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The latest update is out from Tekmar Group plc ( (GB:TGP) ).
Tekmar Group plc has secured a US$1.5 million contract with an existing EPC customer to design and supply bespoke scour protection solutions for a major port infrastructure development in the Middle East, with delivery scheduled for the third quarter of 2026. The deal strengthens Tekmar’s relationship with a key client, underscores the value of its technology in the expanding ports and harbours segment, and supports the Group’s strategy to diversify its global footprint and reinforce its positioning as an engineering solutions-led business in marine infrastructure and offshore energy.
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 UK-headquartered provider of asset protection technology and offshore energy services, operating through its Offshore Energy and Marine Civils divisions. The company supplies engineering-led solutions, including geotechnical design, subsea protection and stability technologies, and bespoke equipment for offshore wind farms, other offshore energy assets, and marine infrastructure. With nearly 40 years of experience and a presence across 18 locations worldwide, Tekmar focuses on de-risking projects, improving safety, and reducing costs for a global customer base as it supports the energy transition.
Average Trading Volume: 442,441
Technical Sentiment Signal: Buy
Current Market Cap: £18.14M
For detailed information about TGP stock, go to TipRanks’ Stock Analysis page.