Ricardo plc (RCDO) Earns “Buy” Rating from Liberum Capital
Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a report released on Thursday. They currently have a GBX 875 ($11.30) target price on the stock. Liberum Capital’s target price would indicate a potential upside of 16.05% from the stock’s current price.
A number of other analysts have also recently issued reports on RCDO. Peel Hunt restated an “add” rating and set a GBX 855 ($11.04) price objective on shares of Ricardo plc in a research report on Thursday. Berenberg Bank restated a “hold” rating on shares of Ricardo plc in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC began coverage on Ricardo plc in a research report on Monday. They set a “buy” rating and a GBX 1,043 ($13.47) price objective on the stock.
Shares of Ricardo plc (RCDO) opened at 754.00 on Thursday. The firm has a 50-day moving average price of GBX 734.33 and a 200-day moving average price of GBX 824.12. The company’s market capitalization is GBX 398.87 million. Ricardo plc has a 1-year low of GBX 691.00 and a 1-year high of GBX 1,040.00.
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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