Liberum Capital Raises Ricardo (RCDO) Price Target to GBX 1,080
Ricardo (LON:RCDO) had its target price raised by Liberum Capital from GBX 1,025 ($13.90) to GBX 1,080 ($14.65) in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price target indicates a potential upside of 14.65% from the company’s previous close.
Several other research firms have also recently issued reports on RCDO. Peel Hunt reissued an “add” rating and set a GBX 855 ($11.59) target price on shares of Ricardo in a research note on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,043 ($14.14) price objective on shares of Ricardo in a research note on Sunday, September 17th. Finally, Berenberg Bank cut Ricardo to a “sell” rating and dropped their price objective for the company from GBX 805 ($10.92) to GBX 680 ($9.22) in a research note on Friday, September 15th.
Ricardo (LON:RCDO) traded up GBX 10 ($0.14) during mid-day trading on Friday, reaching GBX 942 ($12.77). The company’s stock had a trading volume of 18,909 shares, compared to its average volume of 13,585. The firm has a market capitalization of $503.09 and a PE ratio of 2,047.83. Ricardo has a one year low of GBX 691 ($9.37) and a one year high of GBX 1,000 ($13.56).
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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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