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Tekmar Group plc ( (GB:TGP) ) has shared an announcement.
Tekmar Group plc has secured a $1.5 million contract with an existing EPC customer to provide bespoke engineered scour protection solutions and specialized lifting and installation equipment, with completion expected by December 2025. This contract enhances Tekmar’s position in the expanding ports and harbours development sector, showcasing its capability to extend asset protection expertise beyond offshore energy into broader marine infrastructure applications.
The most recent analyst rating on (GB:TGP) stock is a Hold with a £5.50 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.
The overall stock score of 47 reflects significant financial challenges, particularly in profitability and cash flow, which are the most impactful factors. The technical analysis suggests a bearish trend with some potential for upward movement, while the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. No earnings call or corporate events data were available to influence the score.
To see Spark’s full report on GB:TGP stock, click here.
More about Tekmar Group plc
Tekmar Group plc is a UK-based company specializing in asset protection technology and offshore energy services. With nearly 40 years of experience, the company offers engineering solutions to support offshore wind farms and marine infrastructure. Tekmar operates globally with offices and partnerships across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 571,987
Technical Sentiment Signal: Sell
Current Market Cap: £8.68M
See more data about TGP stock on TipRanks’ Stock Analysis page.