RTC Group’s Ganymede Wins Major Network Rail, OVO and Amey Contract Extensions

RTC Group plc ( (GB:RTC) ) has shared an update.

RTC Group’s subsidiary Ganymede Solutions has secured a long-term extension of its frontline labour contract with Network Rail to October 2029, covering key UK rail regions and specialist signalling, telecoms and electrification staff, with expected revenues exceeding £50m. The business also won three new Network Rail isolation and associated services contracts across major regions, further expanding its role in electrification and isolation services on the UK rail network.

In the energy sector, Ganymede extended its contract with OVO for smart meter engineers through 2026, forecast to generate about £5m next year, and signed a new contingent labour framework with Amey’s rail businesses for an initial three-year term. Collectively, these framework agreements deepen RTC’s relationships with major infrastructure and energy clients, underpin its strategy of building longer-term earnings streams and reinforce its positioning as a key workforce solutions partner for critical national infrastructure, albeit with no guaranteed minimum volumes.

The most recent analyst rating on (GB:RTC) stock is a Buy with a £119.00 price target. To see the full list of analyst forecasts on RTC Group plc stock, see the GB:RTC Stock Forecast page.

Spark’s Take on RTC Stock

According to Spark, TipRanks’ AI Analyst, RTC is a Outperform.

The score is driven primarily by improved financial health (stronger balance sheet and cash generation), supported by very attractive valuation (low P/E and high dividend yield). Technicals are steady but not strongly bullish, while the key offsetting risk is the weak revenue trajectory and thin profitability margins.

To see Spark’s full report on RTC stock, click here.

More about RTC Group plc

RTC Group plc is an AIM-listed recruitment business specialising in white- and blue-collar staffing, supplying temporary and permanent labour to a broad range of industries in domestic and international markets. Through its Ganymede, ATA Recruitment and GSS brands, it focuses on rail, energy, utilities, manufacturing, engineering, transportation, construction, highways and water sectors, with UK operations supported by international project staffing capabilities.

Average Trading Volume: 6,655

Technical Sentiment Signal: Strong Buy

Current Market Cap: £13.5M

Learn more about RTC stock on TipRanks’ Stock Analysis page.