Sanford C. Bernstein Downgrades Aston Martin Lagonda Global (OTCMKTS:ARGGY) to Hold

Aston Martin Lagonda Global (OTCMKTS:ARGGY) was downgraded by equities research analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. The Goldman Sachs Group started coverage on shares of Aston Martin Lagonda Global in a report on Sunday, November 23rd. They set a “hold” rating for the company. Finally, HSBC restated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Aston Martin Lagonda Global presently has an average rating of “Hold”.

Aston Martin Lagonda Global Trading Down 3.1%

Shares of OTCMKTS ARGGY opened at $0.56 on Wednesday. The business’s 50 day moving average price is $0.77 and its 200 day moving average price is $0.84. Aston Martin Lagonda Global has a 52 week low of $0.54 and a 52 week high of $1.22.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.