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Berenberg Bank Downgrades Ricardo (LON:RCDO) to Hold

Ricardo logo with Industrials background

Key Points

  • Berenberg Bank has downgraded Ricardo from a previous rating to a "hold" with a new target price of GBX 430, down from GBX 440.
  • The stock's current price suggests a potential upside of 1.65% from its previous close of GBX 423.
  • Ricardo has a market capitalization of £263.16 million and has shown significant price fluctuations over the last year, with a low of GBX 206 and a high of GBX 536.22.
  • MarketBeat previews the top five stocks to own by October 1st.

Ricardo (LON:RCDO - Get Free Report) was downgraded by equities researchers at Berenberg Bank to a "hold" rating in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 430 price target on the stock, down from their previous price target of GBX 440. Berenberg Bank's price objective indicates a potential upside of 0.70% from the stock's previous close.

Ricardo Price Performance

Shares of RCDO remained flat at GBX 427 during trading hours on Tuesday. 9,257 shares of the stock traded hands, compared to its average volume of 520,386. Ricardo has a 52 week low of GBX 206 and a 52 week high of GBX 536.22. The company has a debt-to-equity ratio of 79.36, a quick ratio of 1.57 and a current ratio of 1.86. The stock has a 50 day moving average price of GBX 425.38 and a two-hundred day moving average price of GBX 329.18. The stock has a market capitalization of £265.65 million, a price-to-earnings ratio of 855.71 and a beta of 0.58.

Ricardo Company Profile

(Get Free Report)

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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