Berenberg Bank Has Lowered Expectations for AB Dynamics (LON:ABDP) Stock Price

AB Dynamics (LON:ABDP) had its price objective cut by Berenberg Bank from GBX 2,650 to GBX 2,060 in a report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 60.31% from the stock’s previous close.

A number of other research firms have also recently issued reports on ABDP. Shore Capital reiterated a “buy” rating and set a GBX 2,100 price objective on shares of AB Dynamics in a research report on Tuesday, September 23rd. Peel Hunt reissued a “buy” rating and set a GBX 2,400 price objective on shares of AB Dynamics in a report on Tuesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 2,302.50.

AB Dynamics Trading Down 1.9%

Shares of ABDP opened at GBX 1,285 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.10 and a current ratio of 2.06. AB Dynamics has a 52-week low of GBX 1,210 and a 52-week high of GBX 2,150. The firm has a market cap of £293.97 million, a price-to-earnings ratio of 28.18, a PEG ratio of 1.74 and a beta of 0.72. The business’s fifty day moving average is GBX 1,364.05 and its 200-day moving average is GBX 1,531.11.

AB Dynamics (LON:ABDP) last released its quarterly earnings data on Tuesday, November 11th. The company reported GBX 81.30 earnings per share for the quarter. AB Dynamics had a return on equity of 10.55% and a net margin of 13.10%. Equities analysts anticipate that AB Dynamics will post 68.8259109 EPS for the current fiscal year.

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.