Ricardo (LON:RCDO) Earns “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Ricardo (LON:RCDO) in a research note released on Wednesday morning, MarketBeat.com reports.

Separately, Berenberg Bank reissued a buy rating and set a GBX 730 ($9.55) price target on shares of Ricardo in a research report on Wednesday.

Ricardo Stock Performance

RCDO stock opened at GBX 475 ($6.21) on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.57 and a debt-to-equity ratio of 78.74. The firm has a market cap of £295.55 million, a P/E ratio of -47,500.00 and a beta of 0.58. Ricardo has a 12-month low of GBX 394.01 ($5.15) and a 12-month high of GBX 536.22 ($7.01). The stock’s 50 day simple moving average is GBX 500.60 and its 200 day simple moving average is GBX 477.72.

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 paid a dividend of GBX 8.90 ($0.12) per share. This is an increase from Ricardo’s previous dividend of $3.80. This represents a yield of 1.72%. The ex-dividend date is Thursday, October 31st. Ricardo’s dividend payout ratio is presently -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).