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The latest announcement is out from Getech Group plc ( (GB:GTC) ).
Getech Group plc has announced a successful trading period with twelve new contracts worth approximately £333k, largely expected to be recognized within the current financial year. These contracts, including three with new customers, highlight the company’s expanded market reach across oil & gas, geothermal, and critical minerals sectors. The recent enhancement of their sales team has contributed to this growth, reflecting an increase in both the size and quality of their sales pipeline.
The most recent analyst rating on (GB:GTC) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Getech Group plc stock, see the GB:GTC Stock Forecast page.
Spark’s Take on GB:GTC Stock
According to Spark, TipRanks’ AI Analyst, GB:GTC is a Neutral.
Getech Group plc’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, negative profitability, and cash flow challenges. Technical analysis provides mixed signals, with potential bearish momentum but some indicators suggesting a possible short-term rebound. The valuation is unattractive due to a negative P/E ratio and no dividend yield.
To see Spark’s full report on GB:GTC stock, click here.
More about Getech Group plc
Getech Group plc is a leading company specializing in locating energy and mineral resources crucial for the global energy transition. Utilizing unique data covering the last 400 million years of Earth’s evolution, combined with geoscience expertise, AI-driven analytics, and GIS capabilities, Getech provides insights to support resource discovery and development. The company serves a diverse client base, including governments, natural resources, and energy companies, aiming for energy self-sufficiency and net-zero goals. Founded in 1994, Getech is listed on the AIM of the London Stock Exchange.
Average Trading Volume: 558,110
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.9M
Learn more about GTC stock on TipRanks’ Stock Analysis page.