Ricardo plc (RCDO) Receives Buy Rating from Liberum Capital
RCDO has been the topic of a number of other reports. Peel Hunt reaffirmed an add rating and issued a GBX 855 ($11.25) target price on shares of Ricardo plc in a report on Wednesday. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 1,043 ($13.72) target price on shares of Ricardo plc in a report on Sunday, September 17th. Finally, Berenberg Bank cut Ricardo plc to a sell rating and decreased their target price for the stock from GBX 805 ($10.59) to GBX 680 ($8.94) in a report on Friday, September 15th.
Ricardo plc (LON:RCDO) traded up GBX 10 ($0.13) during mid-day trading on Wednesday, hitting GBX 870 ($11.44). The stock had a trading volume of 11,107 shares, compared to its average volume of 31,170. Ricardo plc has a 52-week low of GBX 691 ($9.09) and a 52-week high of GBX 1,000 ($13.15).
Ricardo plc (LON:RCDO) last released its quarterly earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.73) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). The firm had revenue of £352.10 million for the quarter. Ricardo plc had a return on equity of 20.93% and a net margin of 8.32%.
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The business also recently announced a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 26th will be issued a GBX 13.88 ($0.18) dividend. This is a boost from Ricardo plc’s previous dividend of $5.42. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, October 26th.
In related news, insider Ian Gibson sold 15,509 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of GBX 819 ($10.77), for a total value of £127,018.71 ($167,063.94).
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.
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