Aston Martin Lagonda Global (LON:AML) Stock Price Down 12.6% After Analyst Downgrade

Shares of Aston Martin Lagonda Global Holdings plc (LON:AML) traded down 12.6% during mid-day trading on Thursday after Citigroup lowered their price target on the stock from GBX 96 to GBX 75. Citigroup currently has a neutral rating on the stock. Aston Martin Lagonda Global traded as low as GBX 58.50 ($0.78) and last traded at GBX 58.55 ($0.78). 9,364,873 shares changed hands during trading, an increase of 181% from the average session volume of 3,334,297 shares. The stock had previously closed at GBX 67 ($0.89).

AML has been the topic of several other research reports. JPMorgan Chase & Co. cut their price target on Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a “neutral” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a “hold” rating on the stock in a research report on Monday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 74.

Aston Martin Lagonda Global Price Performance

The company has a market capitalization of £592.54 million, a price-to-earnings ratio of -200.51, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a current ratio of 0.88 and a quick ratio of 0.71. The business has a fifty day moving average price of GBX 75.40 and a 200 day moving average price of GBX 75.48.

Aston Martin Lagonda Global (LON:AML) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX (14.60) EPS for the quarter. Aston Martin Lagonda Global had a negative net margin of 21.42% and a negative return on equity of 48.19%. On average, research analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current fiscal year.

About Aston Martin Lagonda Global

Aston Martin’s vision is to be the world’s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity.