Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Ricardo ( (GB:RCDO) ).
Ricardo PLC announced the purchase of 152 ordinary shares under its Share Incentive Plan (SIP) for several of its Persons Discharging Managerial Responsibilities (PDMRs). These transactions were made using deductions from the individuals’ gross salaries and are part of the company’s compliance with the Market Abuse Regulation. The acquisition of shares by key managerial staff highlights Ricardo’s commitment to aligning the interests of its leadership with those of its shareholders, potentially strengthening the company’s market position and stakeholder confidence.
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
Average Trading Volume: 443,995
Technical Sentiment Signal: Buy
Current Market Cap: £266.3M
Learn more about RCDO stock on TipRanks’ Stock Analysis page.