Berenberg Bank Reaffirms “Buy” Rating for Ricardo (LON:RCDO)

Ricardo (LON:RCDO)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They presently have a GBX 730 ($9.18) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 77.18% from the stock’s current price.

Separately, Shore Capital reiterated a “sell” rating on shares of Ricardo in a research report on Thursday, October 24th.

Ricardo Stock Down 0.2 %

RCDO opened at GBX 412 ($5.18) on Tuesday. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The company has a market capitalization of £256.31 million, a PE ratio of 41,200.00 and a beta of 0.58. The stock’s fifty day moving average is GBX 415.58 and its 200-day moving average is GBX 462.26. Ricardo has a one year low of GBX 385 ($4.84) and a one year high of GBX 536.22 ($6.74).

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).