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Ricardo ( (GB:RCDO) ) has shared an update.
Ricardo PLC has applied for a block listing of 2,297,406 new ordinary shares on the London Stock Exchange to support its employee share plans. This strategic move is aimed at facilitating the vesting of awards under the company’s Deferred Bonus Plan and Long Term Incentive Plan, with admission expected by 6 October 2025.
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: 444,088
Technical Sentiment Signal: Buy
Current Market Cap: £266.9M
Learn more about RCDO stock on TipRanks’ Stock Analysis page.