Ricardo plc (RCDO) Price Target Raised to GBX 1,025

Ricardo plc (LON:RCDO) had its price objective boosted by Liberum Capital from GBX 940 ($12.40) to GBX 1,025 ($13.53) in a report issued on Wednesday morning. Liberum Capital currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Berenberg Bank downgraded Ricardo plc to a sell rating and decreased their price objective for the stock from GBX 805 ($10.62) to GBX 680 ($8.97) in a report on Friday, September 15th. Jefferies Group LLC reiterated a buy rating and issued a GBX 1,043 ($13.76) price objective on shares of Ricardo plc in a report on Sunday, September 17th. Finally, Peel Hunt reiterated an add rating and issued a GBX 855 ($11.28) price objective on shares of Ricardo plc in a report on Thursday, September 14th.

Shares of Ricardo plc (LON:RCDO) opened at GBX 835 ($11.02) on Wednesday. Ricardo plc has a 12-month low of GBX 691 ($9.12) and a 12-month high of GBX 1,000 ($13.20).

Ricardo plc (LON:RCDO) last released its quarterly earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.74) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). The business 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 firm also recently announced a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 26th will be paid a GBX 13.88 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This is a boost from Ricardo plc’s previous dividend of $5.42. This represents a dividend yield of 1.73%.

In other Ricardo plc news, insider Ian Gibson sold 15,509 shares of Ricardo plc stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of GBX 819 ($10.81), for a total transaction of £127,018.71 ($167,615.08).

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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