Berenberg Bank Raises Tekmar Group (LON:TGP) Price Target to GBX 180

Tekmar Group (LON:TGP) had its target price lifted by equities research analysts at Berenberg Bank from GBX 160 ($2.09) to GBX 180 ($2.35) in a report issued on Tuesday, LSE.Co.UK reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 13.56% from the company’s previous close.

Shares of TGP stock opened at GBX 158.50 ($2.07) on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.42 and a current ratio of 2.67. Tekmar Group has a 52-week low of GBX 76 ($0.99) and a 52-week high of GBX 159.50 ($2.08). The company has a market capitalization of $81.25 million and a PE ratio of 34.46. The business’s fifty day moving average is GBX 149.44 and its 200 day moving average is GBX 137.44.

About Tekmar Group

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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