Ricardo’s (RCDO) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Ricardo (LON:RCDO) in a research report sent to investors on Tuesday. The brokerage currently has a GBX 1,043 ($14.14) price target on the stock.

Separately, Liberum Capital reaffirmed a buy rating and issued a GBX 1,025 ($13.90) target price on shares of Ricardo in a report on Wednesday, November 8th.

Ricardo (LON RCDO) opened at GBX 988 ($13.40) on Tuesday. The stock has a market capitalization of $527.65 and a P/E ratio of 2,147.83. Ricardo has a twelve month low of GBX 691 ($9.37) and a twelve month high of GBX 1,028.18 ($13.94).

In other news, insider Ian Gibson sold 15,509 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of GBX 819 ($11.11), for a total value of £127,018.71 ($172,252.12).

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Ricardo Company Profile

Ricardo plc is a holding company engaged in engineering and strategic, technical and environmental consultancy business. The Company’s operating segments include Technical Consulting and Performance Products. Its Technical Consulting segment is engaged in the delivery of engineering programs and technology projects, together with environmental and management consultancy services.

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