Ricardo plc’s (RCDO) Add Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Ricardo plc (LON:RCDO) in a research report sent to investors on Wednesday morning. Peel Hunt currently has a GBX 855 ($11.25) price objective on the stock.

Other equities analysts also recently issued research reports about the company. Liberum Capital increased their price target on Ricardo plc from GBX 940 ($12.36) to GBX 1,025 ($13.48) and gave the stock a buy rating in a research report on Wednesday, November 1st. Jefferies Group LLC reissued a buy rating and set a GBX 1,043 ($13.72) price target on shares of Ricardo plc in a research report on Sunday, September 17th. Finally, Berenberg Bank reissued a hold rating on shares of Ricardo plc in a research report on Wednesday, September 6th.

Ricardo plc (LON:RCDO) traded up GBX 10 ($0.13) during mid-day trading on Wednesday, reaching GBX 880 ($11.57). The company’s stock had a trading volume of 10,599 shares, compared to its average volume of 33,346. Ricardo plc has a twelve month low of GBX 691 ($9.09) and a twelve month high of GBX 1,000 ($13.15).

Ricardo plc (LON:RCDO) last released its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.73) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). Ricardo plc had a return on equity of 20.93% and a net margin of 8.32%. The business had revenue of £352.10 million for the quarter.

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The company also recently declared a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 26th will be given a dividend of GBX 13.88 ($0.18) per share. This is an increase from Ricardo plc’s previous dividend of $5.42. The ex-dividend date is Thursday, October 26th. This represents a dividend yield of 1.73%.

In other news, insider Ian Gibson sold 15,509 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of GBX 819 ($10.77), for a total transaction of £127,018.71 ($167,063.94).

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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