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

Ricardo (LON:RCDO)‘s stock had its “sell” rating reissued by analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.05) target price on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Stock Performance

Shares of LON RCDO opened at GBX 252 ($3.12) on Thursday. The business’s 50-day simple moving average is GBX 400.67 and its 200-day simple moving average is GBX 443.02. Ricardo has a 52 week low of GBX 252 ($3.12) and a 52 week high of GBX 536.22 ($6.65). 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 firm has a market cap of £156.77 million, a price-to-earnings ratio of 25,200.00 and a beta of 0.58.

Ricardo Company Profile

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.