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.

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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.

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