The latest update is out from Science ( (GB:SAG) ).
Science Group PLC, a major shareholder in Ricardo plc, has raised concerns about Ricardo’s strategic direction and financial performance. Despite being the second-largest shareholder with a 20.08% stake, Science Group criticizes Ricardo’s recent Business & Strategy Update for failing to address key financial challenges and for not providing a clear path to recovery. The update highlighted a significant downgrade in financial forecasts, including a projected loss in operating profit and reduced cash flow, which has led to a call for leadership changes at Ricardo. Science Group is advocating for a strategic review and possible restructuring of Ricardo to restore shareholder value, while also considering potential sale options due to the company’s deteriorating financial position.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group has a strong financial foundation with solid income and balance sheet metrics, supporting its stock’s moderate attractiveness. While valuation is fair, technical indicators suggest caution due to bearish trends. Corporate events highlight both opportunities and risks, particularly concerning investments in Ricardo. Overall, the stock shows potential but requires careful monitoring of external factors and technical signals.
To see Spark’s full report on GB:SAG stock, click here.
More about Science
YTD Price Performance: -2.87%
Average Trading Volume: 22,589
Technical Sentiment Signal: Sell
Current Market Cap: £196.1M
Find detailed analytics on SAG stock on TipRanks’ Stock Analysis page.