Shore Capital Reaffirms “Sell” Rating for Ricardo (LON:RCDO)

Shore Capital restated their sell rating on shares of Ricardo (LON:RCDO) in a report issued on Thursday, Marketbeat Ratings reports.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.48) price objective on shares of Ricardo in a report on Wednesday, September 11th.

Ricardo Stock Performance

LON:RCDO opened at GBX 431 ($5.60) on Thursday. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The company has a fifty day moving average of GBX 461.64 and a two-hundred day moving average of GBX 477.08. The stock has a market capitalization of £268.13 million, a PE ratio of 43,100.00 and a beta of 0.58. Ricardo has a fifty-two week low of GBX 386.51 ($5.02) and a fifty-two week high of GBX 536.22 ($6.96).

Ricardo Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be paid a dividend of GBX 8.90 ($0.12) per share. This represents a yield of 1.72%. The ex-dividend date is Thursday, October 31st. This is a positive change from Ricardo’s previous dividend of $3.80. Ricardo’s dividend payout ratio (DPR) 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).