Ricardo plc (RCDO) Rating Reiterated by Jefferies Group LLC

Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research note issued on Sunday. They presently have a GBX 1,043 ($13.47) target price on the stock. Jefferies Group LLC’s target price points to a potential upside of 30.29% from the stock’s previous close.

Other analysts also recently issued reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 875 ($11.30) price target on shares of Ricardo plc in a research report on Thursday, July 6th. Berenberg Bank lowered their price target on Ricardo plc from GBX 845 ($10.91) to GBX 805 ($10.40) and set a “hold” rating for the company in a research report on Friday, June 2nd. Finally, Peel Hunt restated an “add” rating and issued a GBX 855 ($11.04) price target on shares of Ricardo plc in a research report on Thursday.

Shares of Ricardo plc (LON:RCDO) opened at 800.50 on Friday. The company’s market cap is GBX 423.46 million. Ricardo plc has a 12-month low of GBX 576.50 and a 12-month high of GBX 1,040.00. The firm has a 50-day moving average of GBX 736.22 and a 200-day moving average of GBX 823.61.

Ricardo plc (LON:RCDO) last posted its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.72) EPS for the quarter, beating analysts’ consensus estimates of GBX 55.20 ($0.71) by GBX 0.50 ($0.01). The firm had revenue of £352.10 million during the quarter. Ricardo plc had a return on equity of 13.51% and a net margin of 5.63%. Analysts predict that Ricardo plc will post $55.15 EPS for the current year.

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About Ricardo plc

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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