Published On: Thu, Sep 15th, 2016

Ricardo plc (RCDO) Given “Buy” Rating at Liberum Capital

Ricardo plc (LON:RCDO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday. They presently have a GBX 875 ($11.65) target price on the stock. Liberum Capital’s target price would indicate a potential upside of 9.99% from the company’s current price.
Separately, Peel Hunt reaffirmed an “add” rating and issued a GBX 845 ($11.25) price objective on shares of Ricardo plc in a research report on Thursday.
Shares of Ricardo plc (LON:RCDO) opened at 880.00 on Thursday. The company’s market cap is GBX 462.00 million. The company has a 50 day moving average of GBX 793.74 and a 200 day moving average of GBX 811.42. Ricardo plc has a 1-year low of GBX 645.00 and a 1-year high of GBX 925.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/15/ricardo-plc-rcdo-given-buy-rating-at-liberum-capital.html

In other Ricardo plc news, insider Bowen,Laurie purchased 4,000 shares of the stock in a transaction on Tuesday, July 12th. The shares were purchased at an average cost of GBX 765 ($10.19) per share, for a total transaction of £30,600 ($40,756.53). Also, insider Persson,Malin purchased 1,500 shares of the stock in a transaction on Thursday, June 30th. The stock was acquired at an average price of GBX 764 ($10.18) per share, for a total transaction of £11,460 ($15,263.72).
About Ricardo plc
Ricardo plc is a United kingdom-based company engaged in engineering and strategic, technical and environmental consultancy business. The Company’s operating segments include Technical Consulting and Performance Products. The Technical Consulting segment provides services in relation to the development and implementation of engineering and environmental projects and in relation to management and operational consultancy.

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

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>