Ricardo (LON:RCDO) Receives “Buy” Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Ricardo (LON:RCDO) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reaffirmed a hold rating on shares of Ricardo in a research note on Monday, September 9th.

LON RCDO traded up GBX 6 ($0.08) on Friday, reaching GBX 700 ($9.15). 16,120 shares of the company’s stock traded hands, compared to its average volume of 37,231. The stock has a market cap of $373.84 million and a PE ratio of 18.97. Ricardo has a 12 month low of GBX 572 ($7.47) and a 12 month high of GBX 828 ($10.82). The stock has a 50-day simple moving average of GBX 672.23 and a 200 day simple moving average of GBX 702.54. The company has a debt-to-equity ratio of 48.69, a current ratio of 2.04 and a quick ratio of 1.74.

The business also recently disclosed a dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a GBX 15.28 ($0.20) dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 2.36%. This is an increase from Ricardo’s previous dividend of $6.00. Ricardo’s payout ratio is currently 0.57%.

Ricardo Company Profile

Ricardo plc primarily provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, energy companies, financial institutions, and government agencies. The company operates through Technical Consulting and Performance Products segments.

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