Liberum Capital Reiterates Buy Rating for Ricardo plc (RCDO)
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a report released on Wednesday. They currently have a GBX 1,025 ($13.48) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 16.51% from the company’s previous close.
Several other brokerages have also issued reports on RCDO. Peel Hunt reiterated an “add” rating and issued a GBX 855 ($11.25) price target on shares of Ricardo plc in a report on Wednesday. Jefferies Group LLC reiterated 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 lowered Ricardo plc to a “sell” rating and cut their price target for the stock from GBX 805 ($10.59) to GBX 680 ($8.94) in a report on Friday, September 15th.
Ricardo plc (RCDO) traded up GBX 7 ($0.09) during mid-day trading on Wednesday, hitting GBX 877 ($11.53). 8,167 shares of the stock were exchanged, compared to its average volume of 31,170. Ricardo plc has a twelve month low of GBX 691 ($9.09) and a twelve 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) EPS for the quarter, beating the consensus estimate 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 company 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 stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of GBX 819 ($10.77), for a total value of £127,018.71 ($167,063.94).
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.
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