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

Tekmar Group (LON:TGP) had its price objective raised by Berenberg Bank from GBX 160 ($2.09) to GBX 180 ($2.35) in a research note issued to investors on Tuesday morning, LSE.Co.UK reports. They currently have a buy rating on the stock.

TGP stock opened at GBX 171 ($2.23) on Tuesday. Tekmar Group has a 1 year low of GBX 76 ($0.99) and a 1 year high of GBX 159.50 ($2.08). The company has a debt-to-equity ratio of 2.02, a current ratio of 2.67 and a quick ratio of 2.42. The firm has a market capitalization of $89.71 million and a PE ratio of 37.17. The business has a 50 day simple moving average of GBX 150.66 and a 200-day simple moving average of GBX 138.08.

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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