Ricardo plc’s (RCDO) “Buy” Rating Reiterated at Liberum Capital

Liberum Capital reiterated their buy rating on shares of Ricardo plc (LON:RCDO) in a research note published on Wednesday morning. Liberum Capital currently has a GBX 1,025 ($13.48) price objective on the stock.

Several other equities analysts have also commented on RCDO. Berenberg Bank reissued a hold rating on shares of Ricardo plc in a report on Wednesday, September 6th. Jefferies Group LLC started coverage on Ricardo plc in a report on Monday, September 11th. They issued a buy rating and a GBX 1,043 ($13.72) target price on the stock. Finally, Peel Hunt reissued an add rating and issued a GBX 855 ($11.25) target price on shares of Ricardo plc in a report on Thursday, September 14th.

Shares of Ricardo plc (LON RCDO) traded up GBX 10 ($0.13) during midday trading on Wednesday, hitting GBX 880 ($11.57). The 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 posted its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.73) EPS for the quarter, beating the consensus estimate of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). The firm had revenue of £352.10 million for the quarter. Ricardo plc had a return on equity of 20.93% and a net margin of 8.32%.

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The company also recently disclosed a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 26th will be issued a dividend of GBX 13.88 ($0.18) per share. This is a positive change 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 Ricardo plc news, insider Ian Gibson sold 15,509 shares of the firm’s stock in a transaction dated 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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