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Tekmar Group (LON:TGP) Given “Buy” Rating at Berenberg Bank

Tekmar Group (LON:TGP)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued on Friday, Digital Look reports. They currently have a GBX 160 ($2.09) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 0.95% from the company’s previous close.

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Shares of LON:TGP traded up GBX 6 ($0.08) on Friday, reaching GBX 158.50 ($2.07). 12,192 shares of the company’s stock were exchanged. The firm has a market capitalization of $76.89 million and a price-to-earnings ratio of 34.46. Tekmar Group has a fifty-two week low of GBX 76 ($0.99) and a fifty-two week high of GBX 158.50 ($2.07). The business’s 50-day moving average is GBX 147.54 and its two-hundred day moving average is GBX 135.86. The company has a quick ratio of 2.42, a current ratio of 2.67 and a debt-to-equity ratio of 2.02.

Tekmar Group Company Profile

Tekmar Group plc designs, develops, manufactures, installs, and sells subsea protection equipment to offshore energy markets. The company offers subsea cable, and umbilical and flexible pipe protection systems, as well as product testing, client training, offshore installation support, and remedial solutions.

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