Ricardo Faces Boardroom Challenge Amidst Strong Financial Outlook

The latest announcement is out from Ricardo ( (GB:RCDO) ).

Ricardo plc has announced the publication of a circular to shareholders regarding a requisitioned general meeting to consider the removal of Mark Clare as a director and Chairman of the Board. The Board unanimously recommends shareholders vote against this resolution, asserting it is not in the best interests of the company or its shareholders. Despite this internal challenge, Ricardo remains confident in its financial performance for FY24/25, with a high percentage of net and gross revenue already secured, indicating stability and continued growth in its consulting businesses.

The most recent analyst rating on (GB:RCDO) stock is a Hold with a £280.00 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 of 58 reflects a balance of moderate financial performance, mixed technical indicators, and valuation concerns. The company’s strengths lie in revenue growth and cash flow improvements, but low profitability and governance challenges weigh on the score. Positive corporate events and strategic initiatives provide a cautiously optimistic outlook, but the risks associated with board challenges and low returns on equity necessitate careful monitoring.

To see Spark’s full report on GB:RCDO stock, click here.

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 to support energy transition, scarce resources, environmental services, and smart transport solutions.

Average Trading Volume: 481,756

Technical Sentiment Signal: Sell

Current Market Cap: £159.9M

Learn more about RCDO stock on TipRanks’ Stock Analysis page.