Ricardo ( (GB:RCDO) ) has shared an update.
Ricardo plc is currently facing a strategic challenge from Science Group plc, which has been increasing its shareholding and intends to replace Ricardo’s Board directors without offering a premium for control. This move is seen as a distraction for Ricardo, which is focused on executing its strategy to improve business operations and deliver value to shareholders. The Board of Ricardo is committed to acting in the best interests of the company and plans to share further details with shareholders.
More about Ricardo
Ricardo plc is a global strategic, environmental, and engineering consulting company listed on the London Stock Exchange. With over 100 years of engineering excellence and nearly 3,000 employees in more than 20 countries, Ricardo provides expertise in delivering innovative cross-sector sustainable outcomes. The company supports energy transition, scarce resources, environmental services, and safe and smart transport solutions, helping customers solve complex challenges for a sustainable world.
YTD Price Performance: -40.50%
Average Trading Volume: 709,093
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £154.3M
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