Shore Capital reissued their sell rating on shares of Ricardo (LON:RCDO – Free Report) 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.
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Ricardo Trading Up 0.5 %
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).
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