Ricardo plc (LON:RCDO - Get Free Report)'s stock price was down 24.6% during mid-day trading on Thursday . The company traded as low as GBX 263 ($3.27) and last traded at GBX 265.37 ($3.30). Approximately 5,355,946 shares were traded during mid-day trading, an increase of 951% from the average daily volume of 509,659 shares. The stock had previously closed at GBX 352 ($4.38).
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 730 ($9.08) price target on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reissued a "sell" rating on shares of Ricardo in a research note on Thursday.
Check Out Our Latest Research Report on Ricardo
Ricardo Stock Performance
The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57. The stock has a market capitalization of £146.82 million, a P/E ratio of 23,600.00 and a beta of 0.58. The stock's 50-day simple moving average is GBX 397.61 and its 200 day simple moving average is GBX 440.56.
Ricardo Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Ricardo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ricardo wasn't on the list.
While Ricardo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
