Ricardo plc (RCDO) Given Add Rating at Peel Hunt
Ricardo plc (LON:RCDO)‘s stock had its “add” rating reiterated by equities research analysts at Peel Hunt in a research note issued on Thursday. They currently have a GBX 855 ($11.04) target price on the stock. Peel Hunt’s target price suggests a potential upside of 6.81% from the stock’s previous close.
Other analysts also recently issued reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 875 ($11.30) price target on shares of Ricardo plc in a research report on Thursday, July 6th. Jefferies Group LLC started coverage on Ricardo plc in a research report on Monday, September 11th. They issued a “buy” rating and a GBX 1,043 ($13.47) price target for the company. Finally, Berenberg Bank restated a “hold” rating on shares of Ricardo plc in a research report on Wednesday, September 6th.
Ricardo plc (LON:RCDO) traded up 3.29% during midday trading on Thursday, reaching GBX 800.50. 37,823 shares of the company were exchanged. The company has a 50-day moving average of GBX 736.22 and a 200 day moving average of GBX 823.61. Ricardo plc has a 52 week low of GBX 576.50 and a 52 week high of GBX 1,040.00. The firm’s market capitalization is GBX 423.46 million.
Ricardo plc (LON:RCDO) last issued its quarterly earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.72) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). The company had revenue of £352.10 million during the quarter. Ricardo plc had a return on equity of 13.51% and a net margin of 5.63%. Equities analysts predict that Ricardo plc will post $55.15 earnings per share for the current year.
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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