Oriel Securities Ltd Reiterates Buy Rating for Ricardo plc (RCDO)
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reiterated by investment analysts at Oriel Securities Ltd in a note issued to investors on Friday. They currently have a GBX 700 ($11.74) price target on the stock. Oriel Securities Ltd’s price objective suggests a potential upside of 9.03% from the stock’s previous close.
Ricardo plc (LON:RCDO) traded up 1.32% on Friday, hitting GBX 650.50. The stock had a trading volume of 6,662 shares. Ricardo plc has a 52-week low of GBX 458.00 and a 52-week high of GBX 800.00. The stock’s 50-day moving average is GBX 639.5 and its 200-day moving average is GBX 675.8. The company’s market cap is £337.6 million.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank initiated coverage on shares of Ricardo plc in a research note on Friday, July 25th. They set a “buy” rating and a GBX 735 ($12.33) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Ricardo plc in a research note on Thursday, July 17th. They now have a GBX 800 ($13.42) price target on the stock. Finally, 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 ($13.42) price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 741.25 ($12.43).
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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