Ricardo plc (RCDO) Stock Rating Reaffirmed by Liberum Capital
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research report issued to clients and investors on Thursday. They presently have a GBX 875 ($11.30) price target on the stock. Liberum Capital’s price target suggests a potential upside of 9.31% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Peel Hunt reissued an “add” rating and set a GBX 855 ($11.04) price target on shares of Ricardo plc in a research report on Thursday. Jefferies Group LLC began coverage on shares of Ricardo plc in a research report on Monday, September 11th. They set a “buy” rating and a GBX 1,043 ($13.47) price target for the company. Finally, Berenberg Bank reissued a “hold” rating on shares of Ricardo plc in a research report on Wednesday, September 6th.
Ricardo plc (LON RCDO) opened at 800.50 on Thursday. Ricardo plc has a 12-month low of GBX 576.50 and a 12-month high of GBX 1,040.00. The firm’s market cap is GBX 423.46 million. The company has a 50-day moving average of GBX 736.22 and a 200 day moving average of GBX 823.61.
Ricardo plc (LON:RCDO) last released its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.72) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). Ricardo plc had a net margin of 5.63% and a return on equity of 13.51%. The company had revenue of £352.10 million for the quarter. Equities analysts expect that Ricardo plc will post $55.15 EPS for the current fiscal year.
Ricardo plc Company Profile
Ricardo plc is a holding company engaged in engineering and strategic, technical and environmental consultancy business. The Company’s operating segments include Technical Consulting and Performance Products. Its Technical Consulting segment is engaged in the delivery of engineering programs and technology projects, together with environmental and management consultancy services.
Receive News & Stock Ratings for Ricardo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ricardo plc and related stocks with our FREE daily email newsletter.