Ricardo plc (RCDO) Now Covered by Jefferies Group LLC

Equities research analysts at Jefferies Group LLC began coverage on shares of Ricardo plc (LON:RCDO) in a research note issued to investors on Monday. The firm set a “buy” rating and a GBX 1,043 ($13.47) price target on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 37.60% from the company’s previous close.

RCDO has been the topic of several other reports. Peel Hunt reissued an “add” rating and set a GBX 1,019 ($13.16) price target on shares of Ricardo plc in a report on Thursday, July 6th. Berenberg Bank reissued a “hold” rating on shares of Ricardo plc in a report on Wednesday, September 6th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 875 ($11.30) price target on shares of Ricardo plc in a report on Thursday, July 6th.

Shares of Ricardo plc (LON:RCDO) opened at 758.00 on Monday. Ricardo plc has a 52-week low of GBX 691.00 and a 52-week high of GBX 1,040.00. The stock’s market capitalization is GBX 400.98 million. The firm has a 50-day moving average price of GBX 735.69 and a 200-day moving average price of GBX 825.34.

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Ricardo plc Company Profile

Ricardo plc is a holding company engaged in engineering and strategic, technical and environmental consultancy business. The Company’s operating segments include Technical Consulting and Performance Products. Its Technical Consulting segment is engaged in the delivery of engineering programs and technology projects, together with environmental and management consultancy services.

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