Ricardo plc (LON:RCDO) Receives “Add” Rating from Peel Hunt
Ricardo plc (LON:RCDO)‘s stock had its “add” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Thursday. They currently have a GBX 1,019 ($13.20) price target on the stock. Peel Hunt’s target price suggests a potential upside of 25.26% from the company’s current price.
Separately, Berenberg Bank lowered their price target on Ricardo plc from GBX 845 ($10.95) to GBX 805 ($10.43) and set a “hold” rating for the company in a research report on Friday, June 2nd.
Ricardo plc (LON:RCDO) traded up 4.36% during mid-day trading on Thursday, reaching GBX 813.50. The company had a trading volume of 11,024 shares. Ricardo plc has a 52 week low of GBX 645.00 and a 52 week high of GBX 1,040.00. The stock’s 50-day moving average price is GBX 841.49 and its 200 day moving average price is GBX 901.00. The firm’s market capitalization is GBX 430.34 million.
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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