Ricardo plc (LON:RCDO - Get Free Report) shares fell 25% on Friday . The company traded as low as GBX 260 ($3.19) and last traded at GBX 264 ($3.24). 4,412,265 shares changed hands during trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.32).
Analysts Set New Price Targets
A number of research firms recently weighed in on RCDO. Berenberg Bank restated a "buy" rating and set a GBX 730 ($8.97) target price on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reiterated a "sell" rating on shares of Ricardo in a research note on Thursday.
Read Our Latest Stock Analysis on Ricardo
Ricardo Stock Performance
The firm has a market cap of £146.82 million, a PE ratio of 23,600.00 and a beta of 0.58. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The firm's 50 day simple moving average is GBX 397.61 and its 200 day simple moving average is GBX 440.56.
About Ricardo
(
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Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.
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