Ricardo plc Given “Buy” Rating at Investec (RCDO)
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reaffirmed by research analysts at Investec in a report released on Monday. They currently have a GBX 800 ($13.46) price target on the stock. Investec’s target price would indicate a potential upside of 21.21% from the company’s current price.
A number of other analysts have also recently weighed in on RCDO. Analysts at Liberum Capital raised their price target on shares of Ricardo plc from GBX 650 ($10.93) to GBX 730 ($12.28) in a research note on Thursday, March 20th. They now have a “hold” rating on the stock. Analysts at Oriel Securities Ltd initiated coverage on shares of Ricardo plc in a research note on Wednesday, February 26th. They set a “reduce” rating and a GBX 670 ($11.27) price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 674.25 ($11.34).
Shares of Ricardo plc (LON:RCDO) opened at 671.00 on Monday. Ricardo plc has a one year low of GBX 378.50 and a one year high of GBX 800.00. The stock has a 50-day moving average of GBX 680.1 and a 200-day moving average of GBX 667.4. The company’s market cap is £348.2 million.
Ricardo plc is engaged in the provision of technical and strategic consulting, and manufacturing, assembly, software sales and related services to industry, commerce and other agencies.
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