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

Ricardo logo with Industrials background

Berenberg Bank reiterated their buy rating on shares of Ricardo (LON:RCDO - Free Report) in a report released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 730 ($9.28) price objective on the stock.

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

Get Our Latest Research Report on Ricardo

Ricardo Stock Performance

Ricardo stock traded up GBX 5 ($0.06) during mid-day trading on Tuesday, hitting GBX 413 ($5.25). The company had a trading volume of 55,948 shares, compared to its average volume of 129,592. The company has a market capitalization of £256.93 million, a price-to-earnings ratio of 40,600.00 and a beta of 0.58. Ricardo has a 12-month low of GBX 385 ($4.89) and a 12-month high of GBX 536.22 ($6.82). The company's fifty day moving average is GBX 416.13 and its 200-day moving average is GBX 463.14. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12.

Ricardo Company Profile

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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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