Ricardo plc Receives Reduce Rating from Oriel Securities Ltd (RCDO)
Ricardo plc (LON:RCDO)‘s stock had its “reduce” rating reiterated by Oriel Securities Ltd in a research note issued on Tuesday. They currently have a GBX 675 ($11.58) target price on the stock. Oriel Securities Ltd’s target price would suggest a potential downside of 0.88% from the stock’s previous close.
Ricardo plc (LON:RCDO) opened at 675.50 on Tuesday. Ricardo plc has a 52-week low of GBX 378.50 and a 52-week high of GBX 800.00. The stock has a 50-day moving average of GBX 658.7 and a 200-day moving average of GBX 682.5. The company’s market cap is £350.6 million.
Separately, analysts at Investec reiterated a “buy” rating on shares of Ricardo plc in a research note on Monday, May 19th. They now have a GBX 800 ($13.72) price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 675.50 ($11.59).
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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