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An announcement from Ricardo ( (GB:RCDO) ) is now available.
Ricardo PLC announced that its Share Incentive Plan (SIP) trustee purchased 154 shares on behalf of several key managerial personnel, using deductions from their gross salaries. This transaction reflects the company’s ongoing commitment to aligning the interests of its management with those of its shareholders, potentially strengthening stakeholder confidence and reinforcing its market position.
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 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 PLC is a global engineering and environmental consultancy company, focusing on providing innovative solutions in the areas of transportation, energy, and scarce resources. The company offers services and products aimed at enhancing efficiency and sustainability, catering to a diverse range of industries including automotive, rail, and energy sectors.
Average Trading Volume: 757,391
Technical Sentiment Signal: Buy
Current Market Cap: £261.9M
See more insights into RCDO stock on TipRanks’ Stock Analysis page.