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An update from Ricardo ( (GB:RCDO) ) is now available.
Ricardo, a leader in strategic, environmental, and engineering consultancy, has completed its acquisition by WSP, enhancing its ability to deliver innovative solutions globally. This merger aligns with WSP’s strategic plan, expanding capabilities in critical areas like air quality and energy resilience, and opens new opportunities for Ricardo’s teams, promising greater innovation and value for clients.
The most recent analyst rating on (GB:RCDO) stock is a Hold with a £4.30 price target. To see the full list of analyst forecasts on Ricardo stock, see the GB:RCDO Stock Forecast page.
Spark’s Take on GB:RCDO Stock
According to Spark, TipRanks’ AI Analyst, GB:RCDO is a Neutral.
Ricardo’s overall stock score is primarily driven by its strong technical analysis performance and positive corporate events. While the company shows resilience with steady revenue growth and effective cash management, low profitability margins and a negative P/E ratio weigh down the financial performance and valuation scores. The strategic acquisition by WSP Group and managerial equity alignment offer potential for enhanced market positioning and operational capabilities.
To see Spark’s full report on GB:RCDO stock, click here.
More about Ricardo
Ricardo is a global strategic, environmental, and engineering consulting company with over 110 years of experience. It employs approximately 2,600 people across more than 20 countries, providing expertise in energy transition, environmental services, and transportation engineering disciplines.
Average Trading Volume: 443,084
Technical Sentiment Signal: Buy
Current Market Cap: £266.9M
For a thorough assessment of RCDO stock, go to TipRanks’ Stock Analysis page.