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P 275 270 265 260 272.5 255 14
Analysts at
RICARDO 460
P 14 Sept 428 455 450 445 440 435 430 425 8
Ricardo saw analysts retain its Add rating after posting strong 2022 finals as the firm enters 2023 with "a strong order book and actions already taken to improve the global operating model in A&I". The firm's profit before tax rose 33 per cent to £24.2m while its earnings per share jumped 27 per cent. Whilst parts of the business returned to profitability, margins were brought down by an increase in operating costs.
(c) 2022 City A.M., source