Ricardo plc (RCDO) Receives Buy Rating from Jefferies Group LLC
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reissued by analysts at Jefferies Group LLC in a research report issued on Sunday, StockTargetPrices.com reports. They currently have a GBX 1,043 ($13.47) price objective on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 30.29% from the stock’s current price.
A number of other brokerages also recently weighed in on RCDO. Liberum Capital reissued a “buy” rating and issued a GBX 875 ($11.30) price objective on shares of Ricardo plc in a research note on Thursday, July 6th. Berenberg Bank dropped their price target on Ricardo plc from GBX 845 ($10.91) to GBX 805 ($10.40) and set a “hold” rating on the stock in a research report on Friday, June 2nd. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 855 ($11.04) price target on shares of Ricardo plc in a research report on Thursday.
Shares of Ricardo plc (LON:RCDO) opened at 800.50 on Friday. The firm has a 50-day moving average of GBX 736.22 and a 200 day moving average of GBX 823.61. Ricardo plc has a 12 month low of GBX 576.50 and a 12 month high of GBX 1,040.00. The firm’s market cap is GBX 423.46 million.
Ricardo plc (LON:RCDO) last issued its quarterly earnings data on Thursday, September 14th. The company reported GBX 55.70 ($0.72) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). Ricardo plc had a return on equity of 13.51% and a net margin of 5.63%. The business had revenue of £352.10 million for the quarter. On average, equities research analysts anticipate that Ricardo plc will post $55.15 EPS for the current fiscal 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.
Receive News & Ratings for Ricardo plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ricardo plc and related companies with MarketBeat.com's FREE daily email newsletter.