AB Dynamics (LON:ABDP) Hits New 52-Week Low After Analyst Downgrade

AB Dynamics plc (LON:ABDP)’s share price hit a new 52-week low during trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 2,060 to GBX 1,700. Berenberg Bank currently has a buy rating on the stock. AB Dynamics traded as low as GBX 718 and last traded at GBX 720, with a volume of 188366 shares trading hands. The stock had previously closed at GBX 751.

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, AB Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,892.50.

AB Dynamics Price Performance

The stock has a market capitalization of £164.81 million, a P/E ratio of -30.77, a PEG ratio of 1.74 and a beta of 0.35. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The firm has a fifty day moving average price of GBX 1,058.47 and a two-hundred day moving average price of GBX 1,132.46.

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.