Peel Hunt Reaffirms “Add” Rating for Ricardo plc (RCDO)
Ricardo plc (LON:RCDO)‘s stock had its “add” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Wednesday. They presently have a GBX 855 ($11.25) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 2.07% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Liberum Capital lifted their price target on shares of Ricardo plc from GBX 940 ($12.36) to GBX 1,025 ($13.48) and gave the stock a “buy” rating in a report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 1,043 ($13.72) price target on shares of Ricardo plc in a report on Sunday, September 17th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Ricardo plc in a report on Wednesday, September 6th.
Ricardo plc (RCDO) opened at GBX 837.65 ($11.02) on Wednesday. Ricardo plc has a 12 month low of GBX 691 ($9.09) and a 12 month high of GBX 1,000 ($13.15).
Ricardo plc (LON:RCDO) last announced its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.73) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). Ricardo plc had a return on equity of 20.93% and a net margin of 8.32%. The firm had revenue of £352.10 million for the quarter.
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In other Ricardo plc news, insider Ian Gibson sold 15,509 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of GBX 819 ($10.77), for a total transaction of £127,018.71 ($167,063.94).
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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