Ricardo plc (RCDO) Stock Rating Reaffirmed by Peel Hunt
Ricardo plc (LON:RCDO)‘s stock had its “add” rating reissued by stock analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 855 ($11.04) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 6.81% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Jefferies Group LLC started coverage on Ricardo plc in a report on Monday, September 11th. They set a “buy” rating and a GBX 1,043 ($13.47) price objective on the stock. Berenberg Bank reissued a “hold” rating on shares of Ricardo plc in a report on Wednesday, September 6th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 875 ($11.30) target price on shares of Ricardo plc in a report on Thursday, July 6th.
Shares of Ricardo plc (LON:RCDO) opened at 800.50 on Thursday. Ricardo plc has a 1-year low of GBX 576.50 and a 1-year high of GBX 1,040.00. The firm’s market cap is GBX 423.46 million. The stock has a 50 day moving average price of GBX 736.22 and a 200-day moving average price of GBX 823.61.
Ricardo plc (LON:RCDO) last released its quarterly earnings data on Thursday, September 14th. The company reported GBX 55.70 ($0.72) earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts expect that Ricardo plc will post $55.15 earnings per share for the current fiscal year.
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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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