Ricardo (RCDO) Upgraded by Peel Hunt to Buy

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).

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

TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3146024/ricardo-rcdo-upgraded-by-peel-hunt-to-buy.html.

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.

Receive News & Ratings for Ricardo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ricardo and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.