It is Time to “Buy” Tekmar Group Plc (LON:TGP), Berenberg Says. Stock May Be Worth GBX 200.00

July 27, 2018 - By Robert Shackelford

Why Has Berenberg Given Tekmar Group Plc (LON:TGP) a GBX 200.00 Price Target

Analysts at Berenberg started coverage on shares of Tekmar Group Plc (LON:TGP) in analysts report sent to investors and clients on Friday morning. The firm set “Buy” rating on the 84.50 million GBP market cap company.

The stock increased 2.42% or GBX 4 during the last trading session, reaching GBX 169. About 2,818 shares traded. Tekmar Group plc (LON:TGP) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Tekmar Group plc (LON:TGP) to report earnings on August, 2. They expect $0.26 earnings per share, up 30.00 % or $0.06 from last year’s $0.2 per share. TGP’s profit will be $130,000 for 162.50 P/E if the $0.26 EPS becomes a reality. After $0.20 actual earnings per share reported by Tekmar Group plc for the previous quarter, Wall Street now forecasts 30.00 % EPS growth.

Tekmar Group PLC operates as a technology well-known provider of protection systems for subsea cable, umbilical, and flexible pipes. The company has market cap of 84.50 million GBP. It also provides offshore engineering services. It currently has negative earnings. The firm operates two divisions, Offshore Wind Farm and Subsea.

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