Ricardo plc (RCDO) Given Buy Rating at Liberum Capital
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a report issued on Thursday. They currently have a GBX 875 ($11.30) target price on the stock. Liberum Capital’s target price points to a potential upside of 9.31% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,019 ($13.16) 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 on the stock. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Ricardo plc in a research report on Wednesday, September 6th.
Ricardo plc (RCDO) traded up 3.29% on Thursday, hitting GBX 800.50. The company had a trading volume of 37,823 shares. The firm’s 50 day moving average price is GBX 736.22 and its 200 day moving average price is GBX 823.61. The stock’s market cap is GBX 423.46 million. Ricardo plc has a 12-month low of GBX 576.50 and a 12-month high of GBX 1,040.00.
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, beating the Thomson Reuters’ consensus estimate of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). The company had revenue of £352.10 million for 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 fiscal year.
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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