AB Dynamics (LON:ABDP) Given New GBX 1,370 Price Target at Jefferies Financial Group

AB Dynamics (LON:ABDP) had its price target lowered by Jefferies Financial Group from GBX 1,620 to GBX 1,370 in a research report sent to investors on Monday, Marketbeat.com reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other brokerages have also recently weighed in on ABDP. Berenberg Bank dropped their price objective on shares of AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Shore Capital reissued a “buy” rating and set a GBX 2,100 price target on shares of AB Dynamics in a research report on Thursday, January 15th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 2,400 price objective on shares of AB Dynamics in a research report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, AB Dynamics has an average rating of “Moderate Buy” and an average price target of GBX 2,116.

AB Dynamics Price Performance

Shares of LON:ABDP opened at GBX 1,252.26 on Monday. The firm has a market capitalization of £286.64 million, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. 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’s 50 day simple moving average is GBX 1,292.25 and its 200-day simple moving average is GBX 1,355.82. AB Dynamics has a 12 month low of GBX 1,184.86 and a 12 month high of GBX 1,930.

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

AB Dynamics Company Profile

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.