Ricardo plc 14.4% potential upside indicated by Peel Hunt Limited

Ricardo plc with ticker (LON:RCDO) now has a potential upside of 14.4% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 535 GBX for the company, which when compared to the Ricardo plc share price of 458 GBX at opening today (16/02/2022) indicates a potential upside of 14.4%. Trading has ranged between 353 (52 week low) and 510 (52 week high) with an average of 69,341 shares exchanging hands daily. The market capitalisation at the time of writing is £282,470,945.

Ricardo plc is engaged in strategic engineering and environmental consultancy business that specialized in the transport, energy and scarce resources sectors. Its operating segments include Energy & Environment (EE), Rail, Defense, Performance Products (PP) and Automotive & Industrial (A&I). Rail operating serves the global rail market, delivering technical and engineering consultancy services. The Defense offers a range of engineering and software solutions and provides system-integration engineering for the United States Army’s ground inventory. PP segment includes Performance Products Manufacturing (PP) and Software business. PP manufactures and assembly of niche components, prototypes, and complex products. Software business delivers advanced virtual engineering tools and edge simulation software. A&I segment serves customers worldwide in automotive and industrial, including passenger and light vehicles, commercial vehicles, off-highway vehicles, motorcycles, marine and aerospace.