Ricardo (LON:RCDO) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Ricardo (LON:RCDO) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 730 ($9.55) target price on the stock.

Ricardo Trading Down 2.3 %

Shares of LON RCDO opened at GBX 475 ($6.21) on Wednesday. Ricardo has a 1 year low of GBX 394.01 ($5.15) and a 1 year high of GBX 536.22 ($7.01). The company has a debt-to-equity ratio of 78.74, a current ratio of 1.92 and a quick ratio of 1.57. The firm has a 50-day moving average of GBX 500.60 and a 200 day moving average of GBX 477.30. The stock has a market cap of £295.55 million, a P/E ratio of -47,500.00 and a beta of 0.58.

Ricardo Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 31st will be given a dividend of GBX 8.90 ($0.12) per share. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Ricardo’s previous dividend of $3.80. Ricardo’s dividend payout ratio (DPR) is -120,000.00%.

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).