AB Dynamics’ (ABDP) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of AB Dynamics (LON:ABDP) in a report published on Thursday morning, Marketbeat.com reports. They currently have a GBX 2,100 target price on the stock.

ABDP has been the topic of a number of other research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,400 price target on shares of AB Dynamics in a research report on Tuesday, November 11th. Berenberg Bank lowered their target price on AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 2,302.50.

AB Dynamics Price Performance

Shares of ABDP stock opened at GBX 1,330 on Thursday. AB Dynamics has a 12 month low of GBX 1,184.86 and a 12 month high of GBX 1,930. The company has a 50 day simple moving average of GBX 1,293.70 and a two-hundred day simple moving average of GBX 1,372.58. The stock has a market cap of £304.44 million, a P/E ratio of 25.83, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47.

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