Liberum Capital Increases Ricardo (RCDO) Price Target to GBX 1,080

Ricardo (LON:RCDO) had its price target lifted by research analysts at Liberum Capital from GBX 1,025 ($13.90) to GBX 1,080 ($14.65) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price suggests a potential upside of 14.65% from the company’s current price.

Other analysts have also issued research reports about the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 855 ($11.59) target price on shares of Ricardo in a report on Thursday, September 14th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,043 ($14.14) target price on shares of Ricardo in a report on Sunday, September 17th. Finally, Berenberg Bank lowered Ricardo to a “sell” rating and lowered their target price for the company from GBX 805 ($10.92) to GBX 680 ($9.22) in a report on Friday, September 15th.

Ricardo (LON:RCDO) traded up GBX 10 ($0.14) on Friday, reaching GBX 942 ($12.77). The company’s stock had a trading volume of 18,909 shares, compared to its average volume of 13,585. The firm has a market cap of $503.09 and a price-to-earnings ratio of 2,047.83. Ricardo has a 12-month low of GBX 691 ($9.37) and a 12-month high of GBX 1,000 ($13.56).

In other news, insider Ian Gibson sold 15,509 shares of Ricardo stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of GBX 819 ($11.11), for a total transaction of £127,018.71 ($172,252.12).

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About Ricardo

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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