Peel Hunt Raises Ricardo (RCDO) Price Target to GBX 783
Ricardo (LON:RCDO) had its price objective increased by Peel Hunt from GBX 691 ($9.03) to GBX 783 ($10.23) in a research note published on Friday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a hold rating on the stock.
Separately, Liberum Capital reissued a buy rating and issued a GBX 1,130 ($14.77) price objective on shares of Ricardo in a research note on Thursday, February 28th.
Shares of LON:RCDO opened at GBX 756 ($9.88) on Friday. The company has a market capitalization of $403.47 million and a P/E ratio of 21.60. The company has a current ratio of 1.85, a quick ratio of 1.60 and a debt-to-equity ratio of 39.60. Ricardo has a 1 year low of GBX 572 ($7.47) and a 1 year high of GBX 1,085 ($14.18).
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.
Read More: What is Forex?
Receive News & Ratings for Ricardo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ricardo and related companies with MarketBeat.com's FREE daily email newsletter.