Aston Martin Lagonda Global (LON:AML) Shares Down 6.2% – Here’s What Happened

Aston Martin Lagonda Global Holdings plc (LON:AML) dropped 6.2% during trading on Friday . The stock traded as low as GBX 45.42 and last traded at GBX 45.52. Approximately 1,062,081 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 5,911,688 shares. The stock had previously closed at GBX 48.52.

Analysts Set New Price Targets

AML has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 50 price objective on shares of Aston Martin Lagonda Global in a report on Wednesday, May 20th. Citigroup lifted their price objective on Aston Martin Lagonda Global from GBX 45 to GBX 55 and gave the stock a “neutral” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 62.

Aston Martin Lagonda Global Price Performance

The firm has a fifty day moving average of GBX 42.84 and a 200 day moving average of GBX 53.23. The company has a market capitalization of £449.96 million, a P/E ratio of -0.93, a P/E/G ratio of 0.03 and a beta of 1.98. The company has a current ratio of 1.02, a quick ratio of 0.71 and a debt-to-equity ratio of 528.42.

Aston Martin Lagonda Global (LON:AML) last released its quarterly earnings results on Wednesday, March 25th. The company reported GBX (50.20) earnings per share (EPS) for the quarter. Aston Martin Lagonda Global had a negative net margin of 36.40% and a negative return on equity of 89.66%. On average, equities research analysts anticipate that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current year.

Aston Martin Lagonda Global Company Profile

Aston Martin’s vision is to be the world’s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity. Aston Martin fuses the latest technology, time honoured craftsmanship and beautiful styling to produce a range of critically acclaimed luxury models including the Vantage, DB12, Vanquish, DBX and its first mid-engined plug-in hybrid, Valhalla.