Ricardo plc (LON:RCDO) to Issue Dividend of GBX 8.90

Ricardo plc (LON:RCDO) announced a dividend on Wednesday, September 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 31st will be given a dividend of GBX 8.90 ($0.12) per share on Friday, November 22nd. This represents a dividend yield of 1.72%. The ex-dividend date is Thursday, October 31st. This is an increase from Ricardo’s previous dividend of $3.80. The official announcement can be viewed at this link.

Ricardo Stock Performance

Shares of Ricardo stock opened at GBX 445.10 ($5.77) on Wednesday. The business’s 50 day moving average price is GBX 458.86 and its 200 day moving average price is GBX 477.16. The company has a market cap of £276.89 million, a price-to-earnings ratio of 44,100.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. Ricardo has a one year low of GBX 386.51 ($5.01) and a one year high of GBX 536.22 ($6.95).

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.47) price target on shares of Ricardo in a report on Wednesday, September 11th. Shore Capital reissued a “sell” rating on shares of Ricardo in a research note on Thursday, October 24th.

Ricardo Company Profile

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. It operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Emerging, Automotive and Industrial (A&I) Established, Defense, and Performance Products (PP).