Ricardo (LON:RCDO) Insider Judith Cottrell Purchases 35 Shares

Key Points

• Judith Cottrell, an insider at Ricardo plc, purchased 35 shares at GBX 430 each, totaling £150.50, on October 3rd.
• Berenberg Bank downgraded Ricardo's stock rating to "hold" and set a price target of GBX 430, matching the current consensus rating.
• Ricardo's stock is experiencing fluctuations with a market cap of £266.27 million, a P/E ratio of 857.72, and trading in a 1-year range of GBX 206 to GBX 461.

Ricardo plc (LON:RCDO - Get Free Report) insider Judith Cottrell purchased 35 shares of the firm's stock in a transaction on Friday, October 3rd. The shares were acquired at an average price of GBX 430 per share, with a total value of £150.50.

Ricardo Stock Performance

Shares of Ricardo stock opened at GBX 428 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.36. The business has a 50-day moving average price of GBX 425.28 and a two-hundred day moving average price of GBX 357.86. Ricardo plc has a 1-year low of GBX 206 and a 1-year high of GBX 461. The company has a market cap of £266.27 million, a P/E ratio of 857.72 and a beta of 0.58.

Analyst Upgrades and Downgrades

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.