Ricardo (LON:RCDO) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Ricardo plc (LON:RCDO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 423.07 and traded as high as GBX 434. Ricardo shares last traded at GBX 430, with a volume of 63,593 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered shares of Ricardo to a “hold” rating and lowered their target price for the company from GBX 440 to GBX 430 in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 430.

Ricardo Stock Performance

The company has a market cap of £267.52 million, a P/E ratio of 861.72 and a beta of 0.58. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.36. The firm’s fifty day moving average price is GBX 430 and its 200-day moving average price is GBX 423.07.

Ricardo Company Profile

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility. Our global team of consultants, environmental specialists, engineers and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world.