Ricardo (LON:RCDO) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a GBX 1,041 ($14.12) price target on the stock, up from their prior price target of GBX 855 ($11.59). Peel Hunt’s price objective would indicate a potential upside of 4.52% from the company’s previous close.
Separately, Liberum Capital boosted their price objective on Ricardo from GBX 940 ($12.75) to GBX 1,025 ($13.90) and gave the company a “buy” rating in a report on Wednesday, November 1st.
Ricardo (LON:RCDO) traded down GBX 24 ($0.33) during mid-day trading on Wednesday, hitting GBX 996 ($13.51). The company had a trading volume of 88,700 shares, compared to its average volume of 16,857. The stock has a market cap of $531.93 and a P/E ratio of 2,165.22. Ricardo has a 52-week low of GBX 691 ($9.37) and a 52-week high of GBX 1,028.18 ($13.94).
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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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