Ricardo (LON:RCDO) Reaches New 1-Year Low – What’s Next?

Ricardo plc (LON:RCDO)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 206 ($2.59) and last traded at GBX 213 ($2.68), with a volume of 944454 shares traded. The stock had previously closed at GBX 217 ($2.73).

Analysts Set New Price Targets

RCDO has been the topic of a number of recent research reports. Shore Capital upgraded shares of Ricardo to a “hold” rating in a research note on Friday, February 7th. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.18) price target on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Price Performance

The company has a market cap of £131.21 million, a price-to-earnings ratio of 187.57 and a beta of 0.58. The company’s 50 day moving average price is GBX 362.41 and its 200 day moving average price is GBX 421.21. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.36.

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.