AB Dynamics (LON:ABDP) Earns Buy Rating from Shore Capital

AB Dynamics (LON:ABDP)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a research note issued to investors on Tuesday, MarketBeat reports. They presently have a GBX 2,100 price objective on the stock. Shore Capital’s price objective would indicate a potential upside of 43.34% from the stock’s previous close.

AB Dynamics Price Performance

AB Dynamics stock opened at GBX 1,465 on Tuesday. AB Dynamics has a 12 month low of GBX 1,320 and a 12 month high of GBX 2,150. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10. The business has a 50 day simple moving average of GBX 1,417.83 and a 200-day simple moving average of GBX 1,623.08. The stock has a market capitalization of £335.15 million, a PE ratio of 3,212.72, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

Insiders Place Their Bets

In other news, insider Sarah Matthews-DeMers bought 1,000 shares of the stock in a transaction on Wednesday, July 9th. The shares were bought at an average price of GBX 1,544 per share, with a total value of £15,440. Company insiders own 27.82% of the company’s stock.

About AB Dynamics

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.