Ricardo (LON:RCDO) Raised to Hold at Shore Capital

Ricardo (LON:RCDO) was upgraded by Shore Capital to a “hold” rating in a research report issued on Friday,London Stock Exchange reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.08) price target on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Stock Up 5.2 %

Shares of LON:RCDO traded up GBX 11 ($0.14) during trading on Friday, hitting GBX 224 ($2.79). 336,254 shares of the company’s stock traded hands, compared to its average volume of 731,772. Ricardo has a 52 week low of GBX 207 ($2.57) and a 52 week high of GBX 536.22 ($6.67). The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The company has a market cap of £139.35 million, a price-to-earnings ratio of 22,400.00 and a beta of 0.58. The company has a 50-day moving average price of GBX 383.99 and a 200-day moving average price of GBX 433.77.

Ricardo Company Profile

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.