Jefferies Financial Group Has Lowered Expectations for AB Dynamics (LON:ABDP) Stock Price

by · The Markets Daily

AB Dynamics (LON:ABDP – Get Free Report) had its target price lowered by Jefferies Financial Group from GBX 1,620 to GBX 1,370 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 9.40% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Peel Hunt restated a “buy” rating and issued a GBX 2,400 price target on shares of AB Dynamics in a research note on Tuesday, November 11th. Berenberg Bank cut their target price on shares of AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, Shore Capital reiterated a “buy” rating and set a GBX 2,100 price target on shares of AB Dynamics in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,116.

View Our Latest Research Report on ABDP

AB Dynamics Trading Down 0.2%

Shares of LON ABDP traded down GBX 2.74 during midday trading on Monday, reaching GBX 1,252.26. 191,103 shares of the stock were exchanged, compared to its average volume of 64,878. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10. AB Dynamics has a 12 month low of GBX 1,184.86 and a 12 month high of GBX 1,930. The business has a 50-day simple moving average of GBX 1,292.40 and a two-hundred day simple moving average of GBX 1,357.95. The company has a market capitalization of £286.64 million, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.74 and a beta of 0.72.

AB Dynamics (LON:ABDP – Get Free Report) last announced its earnings results on Tuesday, November 11th. The company reported GBX 81.30 EPS for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. As a group, equities research analysts expect that AB Dynamics will post 68.8259109 EPS for the current year.

AB Dynamics Company Profile

(Get Free Report)

AB Dynamics plc designs, develops, manufactures, and supplies vehicle test and development systems, and verification products and services for driver assistance systems, autonomous system, and vehicle dynamics. The company offers advanced vehicle testing solutions from physical proving ground automation to large scale virtual testing in simulation; rFpro, a simulation environment for the automotive and motorsport industries; and full-scale track testing services, including ADAS and vehicle dynamics tests, along with applied research, human factors, and simulation.

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