Ricardo (LON:RCDO)‘s stock had its “buy” rating reiterated by Liberum Capital in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 900 ($11.76) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 33.14% from the stock’s previous close.
Separately, Peel Hunt reaffirmed a “hold” rating on shares of Ricardo in a research note on Monday, September 9th.
RCDO stock traded up GBX 10 ($0.13) during mid-day trading on Tuesday, reaching GBX 676 ($8.83). 6,949 shares of the stock traded hands, compared to its average volume of 37,231. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 48.69. Ricardo has a 52-week low of GBX 572 ($7.47) and a 52-week high of GBX 828 ($10.82). The company has a market cap of $361.03 million and a P/E ratio of 18.32. The stock’s fifty day moving average is GBX 640.85 and its 200-day moving average is GBX 708.34.
Ricardo plc primarily provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, energy companies, financial institutions, and government agencies. The company operates through Technical Consulting and Performance Products segments.
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