Ian Gibson Sells 15,509 Shares of Ricardo plc (RCDO) Stock

Ricardo plc (LON:RCDO) insider Ian Gibson sold 15,509 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of GBX 819 ($10.81), for a total value of £127,018.71 ($167,615.08).

Ricardo plc (LON:RCDO) last posted its earnings results on Thursday, September 14th. The company reported GBX 55.70 ($0.74) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 55.20 ($0.73) by GBX 0.50 ($0.01). Ricardo plc had a net margin of 8.32% and a return on equity of 20.93%. The firm had revenue of £352.10 million during the quarter.

The business also recently announced a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 26th will be issued a GBX 13.88 ($0.18) dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, October 26th. This is an increase from Ricardo plc’s previous dividend of $5.42.

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A number of research firms have recently commented on RCDO. Liberum Capital upped their target price on Ricardo plc from GBX 940 ($12.40) to GBX 1,025 ($13.53) and gave the company a “buy” rating in a research note on Wednesday. Berenberg Bank lowered Ricardo plc to a “sell” rating and lowered their price target for the company from GBX 805 ($10.62) to GBX 680 ($8.97) in a report on Friday, September 15th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 1,043 ($13.76) price target on shares of Ricardo plc in a report on Sunday, September 17th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 855 ($11.28) price target on shares of Ricardo plc in a report on Thursday, September 14th.

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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