Ricardo plc (RCDO) Given Buy Rating at Liberum Capital

Liberum Capital restated their buy rating on shares of Ricardo plc (LON:RCDO) in a report released on Thursday. They currently have a GBX 875 ($11.30) price target on the stock.

Other equities research analysts also recently issued reports about the company. Berenberg Bank reaffirmed a hold rating on shares of Ricardo plc in a research report on Wednesday, September 6th. Peel Hunt reaffirmed an add rating and set a GBX 855 ($11.04) price target on shares of Ricardo plc in a research report on Thursday. Finally, Jefferies Group LLC assumed coverage on Ricardo plc in a research report on Monday. They set a buy rating and a GBX 1,043 ($13.47) price target on the stock.

Shares of Ricardo plc (LON:RCDO) traded up 3.29% during mid-day trading on Thursday, hitting GBX 800.50. The company had a trading volume of 37,823 shares. Ricardo plc has a 1-year low of GBX 576.50 and a 1-year high of GBX 1,040.00. The company’s market capitalization is GBX 423.46 million. The company 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 earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.72) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). Ricardo plc had a return on equity of 13.51% and a net margin of 5.63%. The firm had revenue of £352.10 million for the quarter. On average, equities analysts anticipate that Ricardo plc will post $55.15 EPS for the current year.

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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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