Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ricardo ( (GB:RCDO) ) has issued an announcement.
Ricardo PLC, a company involved in engineering and environmental consultancy, is set to be acquired by WSP Group Limited, a subsidiary of WSP Global Inc. This acquisition will be executed through a scheme of arrangement under the Companies Act 2006. The acquisition process has progressed with the necessary court sanctioning, and the scheme is expected to become effective on 9 October 2025. This move will lead to the suspension and eventual cancellation of Ricardo’s shares from trading on the London Stock Exchange, marking a significant shift in the company’s market presence.
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: 443,664
Technical Sentiment Signal: Buy
Current Market Cap: £266.3M
See more data about RCDO stock on TipRanks’ Stock Analysis page.