Shore Capital Reiterates “Buy” Rating for AB Dynamics (LON:ABDP)

AB Dynamics (LON:ABDP)‘s stock had its “buy” rating restated by analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 2,100 price target on the stock. Shore Capital’s target price indicates a potential upside of 57.89% from the company’s previous close.

Several other research analysts have also issued reports on the company. Berenberg Bank dropped their target price on AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and set a GBX 2,400 price target on shares of AB Dynamics in a research note on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,302.50.

AB Dynamics Stock Performance

ABDP stock opened at GBX 1,330 on Thursday. The company has a market capitalization of £304.44 million, a PE ratio of 25.83, 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 quick ratio of 2.10 and a current ratio of 2.06. AB Dynamics has a one year low of GBX 1,184.86 and a one year high of GBX 1,930. The company’s 50 day moving average price is GBX 1,293.70 and its two-hundred day moving average price is GBX 1,375.13.

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