Berenberg Bank Reiterates “Buy” Rating for Ricardo (LON:RCDO)

Berenberg Bank reissued their buy rating on shares of Ricardo (LON:RCDO) in a research note published on Tuesday morning, Marketbeat reports. Berenberg Bank currently has a GBX 730 ($9.12) price objective on the stock.

Separately, Shore Capital reissued a “sell” rating on shares of Ricardo in a report on Thursday, October 24th.

Ricardo Price Performance

Shares of LON:RCDO opened at GBX 428 ($5.35) on Tuesday. The firm has a market cap of £266.26 million, a price-to-earnings ratio of 42,800.00 and a beta of 0.58. The firm has a fifty day moving average price of GBX 415.82 and a 200 day moving average price of GBX 462.02. Ricardo has a fifty-two week low of GBX 385 ($4.81) and a fifty-two week high of GBX 536.22 ($6.70). The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86.

About Ricardo

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. It operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Emerging, Automotive and Industrial (A&I) Established, Defense, and Performance Products (PP).