Peel Hunt reiterated their add rating on shares of Ricardo plc (LON:RCDO) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 855 ($11.04) price objective on the stock.

RCDO has been the topic of several other research reports. Berenberg Bank reduced their target price on shares of Ricardo plc from GBX 845 ($10.91) to GBX 805 ($10.40) and set a hold rating on the stock in a research note on Friday, June 2nd. Liberum Capital reaffirmed a buy rating and issued a GBX 875 ($11.30) target price on shares of Ricardo plc in a research note on Thursday, July 6th. Finally, Jefferies Group LLC initiated coverage on shares of Ricardo plc in a research note on Monday, September 11th. They issued a buy rating and a GBX 1,043 ($13.47) target price on the stock.

Shares of Ricardo plc (LON RCDO) opened at 787.00 on Thursday. Ricardo plc has a 1-year low of GBX 691.00 and a 1-year high of GBX 1,040.00. The company’s 50-day moving average is GBX 736.22 and its 200 day moving average is GBX 823.61. The firm’s market capitalization is GBX 416.32 million.

Ricardo plc (LON:RCDO) last issued its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.72) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). The company had revenue of £352.10 million for the quarter. Ricardo plc had a net margin of 5.63% and a return on equity of 13.51%. On average, analysts expect that Ricardo plc will post $55.15 EPS for the current fiscal year.

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The firm also recently announced a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 26th will be paid a GBX 13.88 ($0.18) dividend. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, October 26th. This is a positive change from Ricardo plc’s previous dividend of $5.42.

About Ricardo plc

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.

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