Shore Capital Reaffirms Sell Rating for Ricardo (LON:RCDO)

Ricardo (LON:RCDO)‘s stock had its “sell” rating reissued by investment analysts at Shore Capital in a report issued on Thursday, MarketBeat reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.48) price target on shares of Ricardo in a report on Wednesday, September 11th.

Ricardo Trading Up 0.5 %

Shares of RCDO opened at GBX 431 ($5.60) on Thursday. The business’s 50-day moving average price is GBX 461.64 and its 200 day moving average price is GBX 476.89. 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 stock has a market capitalization of £268.13 million, a P/E ratio of 43,100.00 and a beta of 0.58. Ricardo has a 1-year low of GBX 386.51 ($5.02) and a 1-year high of GBX 536.22 ($6.96).

Ricardo Company Profile

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. It operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Emerging, Automotive and Industrial (A&I) Established, Defense, and Performance Products (PP).