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Shore Capital Reiterates Sell Rating for Ricardo (LON:RCDO)

Ricardo logo with Industrials background

Ricardo (LON:RCDO - Get Free Report)'s stock had its "sell" rating reaffirmed by analysts at Shore Capital in a research report issued on Thursday, Marketbeat.com reports.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 730 ($9.48) price target on shares of Ricardo in a research report on Wednesday, September 11th.

Check Out Our Latest Analysis on RCDO

Ricardo Price Performance

Shares of LON:RCDO traded up GBX 15 ($0.19) on Thursday, reaching GBX 429 ($5.57). The company's stock had a trading volume of 306,197 shares, compared to its average volume of 107,933. The company has a 50-day simple moving average of GBX 464.91 and a 200 day simple moving average of GBX 477.37. Ricardo has a 52-week low of GBX 386.51 ($5.02) and a 52-week high of GBX 536.22 ($6.96). The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The company has a market cap of £266.88 million, a P/E ratio of 42,800.00 and a beta of 0.58.

About Ricardo

(Get Free Report)

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).

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