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

Shore Capital reissued their sell rating on shares of Ricardo (LON:RCDO) in a research report released on Thursday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.48) target price on shares of Ricardo in a report on Wednesday, September 11th.

Ricardo Trading Up 0.5 %

Shares of Ricardo stock opened at GBX 431 ($5.60) on Thursday. Ricardo has a fifty-two week low of GBX 386.51 ($5.02) and a fifty-two week high of GBX 536.22 ($6.96). The business’s fifty day moving average is GBX 461.64 and its two-hundred day moving average is GBX 476.89. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The firm has a market cap of £268.13 million, a PE ratio of 43,100.00 and a beta of 0.58.

Ricardo Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders 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 an increase from Ricardo’s previous dividend of $3.80. Ricardo’s payout ratio is 130,000.00%.

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).