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Ricardo ( (GB:RCDO) ) has issued an update.
Ricardo PLC has announced that its shareholders have approved a final cash acquisition by WSP Group Limited, a subsidiary of WSP Global Inc., through a scheme of arrangement. This acquisition, which is expected to be completed by Q4 2025, marks a significant step in Ricardo’s strategic direction, potentially enhancing its market position and operational capabilities under WSP’s ownership.
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
Ricardo PLC operates in the engineering and environmental consultancy industry, offering services and solutions that focus on sustainable development and innovation across various sectors.
Average Trading Volume: 525,516
Technical Sentiment Signal: Buy
Current Market Cap: £263.2M
See more data about RCDO stock on TipRanks’ Stock Analysis page.