Jefferies Group LLC Initiates Coverage on Ricardo plc (RCDO)

Research analysts at Jefferies Group LLC assumed coverage on shares of Ricardo plc (LON:RCDO) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a GBX 1,043 ($13.47) price target on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 38.42% from the stock’s previous close.

A number of other equities analysts have also recently commented on RCDO. Berenberg Bank reissued a “hold” rating on shares of Ricardo plc in a report on Wednesday, September 6th. 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. 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 759.50 on Monday. The stock’s 50 day moving average price is GBX 737.08 and its 200 day moving average price is GBX 828.48. The company’s market cap is GBX 401.78 million. Ricardo plc has a one year low of GBX 691.00 and a one year high of GBX 1,040.00.

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About Ricardo plc

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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