Berenberg Bank reissued their buy rating on shares of Ricardo (LON:RCDO – Free Report) in a report published on Wednesday morning, Marketbeat reports. Berenberg Bank currently has a GBX 730 ($9.55) target price on the stock.
Ricardo Stock Performance
Shares of LON RCDO opened at GBX 475 ($6.21) on Wednesday. The stock has a market cap of £295.55 million, a price-to-earnings ratio of -47,500.00 and a beta of 0.58. The company has a current ratio of 1.92, a quick ratio of 1.57 and a debt-to-equity ratio of 78.74. Ricardo has a 1-year low of GBX 394.01 ($5.15) and a 1-year high of GBX 536.22 ($7.01). The stock’s 50-day moving average is GBX 500.60 and its 200 day moving average is GBX 477.72.
Ricardo Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 31st will be issued a dividend of GBX 8.90 ($0.12) per share. This represents a dividend yield of 1.72%. This is a boost from Ricardo’s previous dividend of $3.80. The ex-dividend date is Thursday, October 31st. Ricardo’s dividend payout ratio (DPR) is currently -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).
Further Reading
- Five stocks we like better than Ricardo
- Why Are Stock Sectors Important to Successful Investing?
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- Golden Cross Stocks: Pattern, Examples and Charts
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Ricardo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ricardo and related companies with MarketBeat.com's FREE daily email newsletter.