Harpreet Sagoo Buys 35 Shares of Ricardo (LON:RCDO) Stock

Key Points

• Harpreet Sagoo, an insider at Ricardo plc, purchased 35 shares of the company's stock at an average cost of GBX 430, totaling £150.50.
• Ricardo plc's stock has a current market capitalization of £266.89 million, with a PE ratio of 859.72 and recent trading around GBX 429.
• Berenberg Bank has downgraded Ricardo to a "hold" rating, reducing its price target from GBX 440 to GBX 430.

Ricardo plc (LON:RCDO - Get Free Report) insider Harpreet Sagoo bought 35 shares of the stock in a transaction on Friday, October 3rd. The shares were bought at an average cost of GBX 430 per share, with a total value of £150.50.

Ricardo Stock Up 0.2%

Ricardo stock opened at GBX 429 on Tuesday. The company has a market capitalization of £266.89 million, a PE ratio of 859.72 and a beta of 0.58. The company has a debt-to-equity ratio of 79.36, a quick ratio of 1.57 and a current ratio of 1.86. Ricardo plc has a fifty-two week low of GBX 206 and a fifty-two week high of GBX 458. The firm has a 50 day moving average price of GBX 425.28 and a 200 day moving average price of GBX 357.86.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank downgraded Ricardo to a "hold" rating and cut their price objective for the company from GBX 440 to GBX 430 in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of GBX 430.

Ricardo Company Profile

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.

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