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Tekmar Group plc ( (GB:TGP) ) has issued an update.
Tekmar Group plc has signed an exclusive framework agreement with Jan De Nul to supply its 10th Generation Cable Protection System for TenneT’s 2GW Program in Germany. This agreement marks a significant step in Tekmar’s expansion in the German offshore wind market, with the first project already underway and expected to be delivered by FY2027, followed by a second project in FY2028. The collaboration underscores the confidence in Tekmar’s engineering capabilities and strengthens its market positioning in the growing offshore wind sector.
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 leading provider of asset protection technology and offshore energy services, focusing on engineering solutions for the energy transition. With nearly 40 years of experience, Tekmar offers a range of engineering services and technologies to support offshore wind farms and other energy assets. The company is headquartered in Newton Aycliffe, UK, and operates globally with offices and partnerships across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 655,540
Technical Sentiment Signal: Sell
Current Market Cap: £8.68M
For detailed information about TGP stock, go to TipRanks’ Stock Analysis page.