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Ten Lifestyle Group ( (GB:TENG) ) just unveiled an update.
Ten Lifestyle Group has secured a new multi-year contract with an existing banking client to deliver a fully digital customer experience programme to around one million of the bank’s premium clients in Europe, expanding on its existing concierge services for the bank’s private banking customers worldwide. The contract, expected initially to be of medium size by Ten’s revenue categorisation, is scheduled to launch in the second half of the financial year and includes scope to roll out the digital programme to additional global markets, underscoring Ten’s strategy to deepen relationships with major financial institutions and grow its technology-led loyalty offering at scale.
The most recent analyst rating on (GB:TENG) stock is a Buy with a £77.00 price target. To see the full list of analyst forecasts on Ten Lifestyle Group stock, see the GB:TENG Stock Forecast page.
Spark’s Take on GB:TENG Stock
According to Spark, TipRanks’ AI Analyst, GB:TENG is a Outperform.
Ten Lifestyle Group’s stock is rated positively due to strong financial performance and bullish technical indicators. The company’s improving margins and financial stability are significant strengths. However, the stock’s valuation is moderate, and the technical indicators suggest caution due to overbought conditions. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on GB:TENG stock, click here.
More about Ten Lifestyle Group
Ten Lifestyle Group plc is a global concierge technology platform that partners with financial institutions and other premium brands to help attract and retain wealthy and mass affluent customers. It provides members with lifestyle, travel, dining and entertainment services via multi-year, platform-as-a-service and technology-led contracts, supported by proprietary personalisation technology, extensive supplier relationships and over 20 global offices. The company, the first B Corp-certified business on London’s AIM market, positions itself as a sustainable and ethical provider of premium customer loyalty solutions worldwide.
Average Trading Volume: 39,552
Technical Sentiment Signal: Buy
Current Market Cap: £69M
For a thorough assessment of TENG stock, go to TipRanks’ Stock Analysis page.