Ricardo plc (RCDO) Earns “Add” Rating from Peel Hunt
A number of other analysts also recently weighed in on RCDO. Berenberg Bank restated a hold rating on shares of Ricardo plc in a research report on Wednesday, September 6th. Liberum Capital boosted their target price on Ricardo plc from GBX 940 ($12.36) to GBX 1,025 ($13.48) and gave the stock a buy rating in a research report on Wednesday, November 1st. Finally, Jefferies Group LLC restated a buy rating and issued a GBX 1,043 ($13.72) target price on shares of Ricardo plc in a research report on Sunday, September 17th.
Shares of Ricardo plc (RCDO) traded up GBX 10 ($0.13) on Wednesday, hitting GBX 880 ($11.57). The stock had a trading volume of 10,599 shares, compared to its average volume of 33,346. Ricardo plc has a 12-month low of GBX 691 ($9.09) and a 12-month high of GBX 1,000 ($13.15).
Ricardo plc (LON:RCDO) last released its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.73) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). The company had revenue of £352.10 million during the quarter. Ricardo plc had a return on equity of 20.93% and a net margin of 8.32%.
The business also recently disclosed a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 26th will be given a GBX 13.88 ($0.18) dividend. The ex-dividend date is Thursday, October 26th. This represents a yield of 1.73%. This is an increase from Ricardo plc’s previous dividend of $5.42.
In other Ricardo plc news, insider Ian Gibson sold 15,509 shares of the business’s stock in a transaction that occurred 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).
About Ricardo plc
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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