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The latest announcement is out from Ricardo ( (GB:RCDO) ).
Ricardo PLC announced the indefinite adjournment of a requisitioned general meeting initially called by Science Group PLC and Ropemaker Nominees Limited. This decision follows the withdrawal of the requisition notice by Science Group after the announcement of a cash acquisition by WSP Group Limited, which will acquire all issued and to be issued shares of Ricardo. The acquisition terms are set at 430 pence per share, with conditions allowing for potential price adjustments under specific circumstances.
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 is primarily driven by solid financial performance and cash flow management. However, technical analysis suggests caution due to overbought conditions, and valuation concerns persist with a negative P/E ratio. Corporate events add complexity with both strategic progress and governance challenges.
To see Spark’s full report on GB:RCDO stock, click here.
More about Ricardo
Average Trading Volume: 571,219
Technical Sentiment Signal: Buy
Current Market Cap: £263.8M
For detailed information about RCDO stock, go to TipRanks’ Stock Analysis page.