Jefferies Financial Group Issues Pessimistic Forecast for AB Dynamics (LON:ABDP) Stock Price

AB Dynamics (LON:ABDP) had its price objective decreased by analysts at Jefferies Financial Group from GBX 1,620 to GBX 1,370 in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 7.45% from the company’s previous close.

ABDP has been the subject of several other reports. Berenberg Bank lowered their target price 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. Peel Hunt restated a “buy” rating and set a GBX 2,400 target price on shares of AB Dynamics in a research note on Tuesday, November 11th. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 2,100 price target on shares of AB Dynamics in a research note on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, AB Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,116.

AB Dynamics Price Performance

ABDP opened at GBX 1,275 on Monday. The business’s 50-day moving average is GBX 1,292.55 and its two-hundred day moving average is GBX 1,353.95. AB Dynamics has a 1 year low of GBX 1,184.86 and a 1 year high of GBX 1,930. 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 firm has a market capitalization of £291.85 million, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

AB Dynamics (LON:ABDP) last released its quarterly earnings results on Tuesday, November 11th. The company reported GBX 81.30 EPS for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. Research analysts anticipate 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.