Ricardo plc Stock Is Crashing Now

 Ricardo plc Stock Is Crashing Now

The stock of Ricardo plc (LON:RCDO) is a huge mover today! The stock decreased 0.51% or GBX 4.5 on November 23, hitting GBX 877.5. About 37,458 shares traded hands. Ricardo plc (LON:RCDO) has risen 8.22% since April 26, 2016 and is uptrending. It has outperformed by 2.89% the S&P500.
The move comes after 5 months negative chart setup for the GBX 466.51M company. It was reported on Nov, 23 by Barchart.com. We have GBX 798.53 PT which if reached, will make LON:RCDO worth GBX 41.99M less.

Ricardo plc (LON:RCDO) Ratings Coverage

Out of 4 analysts covering Ricardo PLC (LON:RCDO), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. GBX 975 is the highest target while GBX 845 is the lowest. The GBX 901.25 average target is 2.71% above today’s (GBX 877.5) stock price. Ricardo PLC has been the topic of 13 analyst reports since September 10, 2015 according to StockzIntelligence Inc. As per Friday, February 26, the company rating was maintained by Investec. Peel Hunt downgraded it to “Add” rating and GBX 915 target price in Thursday, November 19 report. The firm has “Add” rating given on Thursday, September 15 by Peel Hunt. The stock of Ricardo plc (LON:RCDO) has “Add” rating given on Wednesday, July 27 by Peel Hunt. The firm has “Buy” rating by Liberum Capital given on Thursday, September 10. Investec maintained it with “Buy” rating and GBX 975 target price in Thursday, September 10 report. The rating was maintained by Liberum Capital with “Buy” on Thursday, September 15. The stock of Ricardo plc (LON:RCDO) earned “Buy” rating by Investec on Thursday, November 19. On Friday, February 26 the stock rating was maintained by Liberum Capital with “Buy”. Berenberg downgraded Ricardo plc (LON:RCDO) on Friday, January 15 to “Hold” rating.

More news for Ricardo plc (LON:RCDO) were recently published by: Fool.Co.Uk, which released: “Will Berendsen PLC, Ricardo plc And Sound Energy PLC Beat The FTSE 100 Over …” on February 26, 2016. Fool.Co.Uk‘s article titled: “Why I Would Buy Diageo plc And Ricardo plc But Sell Evraz plc And KAZ Minerals plc” and published on April 17, 2015 is yet another important article.

Ricardo plc is a holding company engaged in engineering and strategic, technical and environmental consultancy business. The company has a market cap of 466.51 million GBP. The Company’s operating divisions include Technical Consulting and Performance Products. It has a 18.24 P/E ratio. The Company’s 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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