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

Ricardo (LON:RCDO)‘s stock had its “sell” rating reiterated by stock analysts at Shore Capital in a report issued on Thursday, Digital Look reports.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 730 ($9.48) price objective on shares of Ricardo in a research note on Wednesday, September 11th.

Ricardo Price Performance

Ricardo stock traded up GBX 16 ($0.21) during trading hours on Thursday, reaching GBX 430 ($5.58). 58,265 shares of the stock were exchanged, compared to its average volume of 107,323. The company has a market cap of £267.50 million, a P/E ratio of 42,750.00 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. Ricardo has a twelve month low of GBX 386.51 ($5.02) and a twelve month high of GBX 536.22 ($6.96). The stock has a 50 day moving average of GBX 464.91 and a two-hundred day moving average of GBX 477.37.

About Ricardo

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).