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An announcement from Ricardo ( (GB:RCDO) ) is now available.
Ricardo PLC has announced a recommended final cash acquisition by WSP Group Limited, a subsidiary of WSP Global Inc., to be executed through a court-sanctioned scheme of arrangement. The acquisition has received necessary regulatory clearances from Saudi Arabia, Australia, and the UK, with the scheme expected to be effective by 9 October 2025, impacting Ricardo’s market presence and shareholder value.
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
Ricardo PLC operates in the engineering and consulting industry, providing services and solutions across various sectors, including automotive, energy, and environment. The company focuses on delivering sustainable and innovative solutions to its clients worldwide.
Average Trading Volume: 750,966
Technical Sentiment Signal: Buy
Current Market Cap: £263.2M
For a thorough assessment of RCDO stock, go to TipRanks’ Stock Analysis page.