Ricardo’s (RCDO) Sell Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their sell rating on shares of Ricardo (LON:RCDO) in a report published on Thursday morning, MarketBeat.com reports.

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

Ricardo Stock Performance

Shares of Ricardo stock opened at GBX 430 ($5.58) on Thursday. The business has a 50-day simple moving average of GBX 464.91 and a 200 day simple moving average of GBX 477.37. The firm has a market capitalization of £267.50 million, a price-to-earnings ratio of 42,900.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57. Ricardo has a one year low of GBX 386.51 ($5.02) and a one year high of GBX 536.22 ($6.96).

Ricardo Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st will be issued a GBX 8.90 ($0.12) dividend. This is a positive change from Ricardo’s previous dividend of $3.80. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, October 31st. Ricardo’s dividend payout ratio (DPR) is presently 130,000.00%.

Ricardo Company Profile

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).