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

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

Analysts Set New Price Targets

AML has been the topic of several 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 boosted their price target on Aston Martin Lagonda Global from GBX 45 to GBX 55 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Aston Martin Lagonda Global currently has a consensus rating of “Hold” and an average target price of GBX 62.

Aston Martin Lagonda Global Trading Down 8.4%

The company’s 50 day simple moving average is GBX 42.74 and its 200-day simple moving average is GBX 53.29. The company has a quick ratio of 0.71, a current ratio of 1.02 and a debt-to-equity ratio of 528.42. The firm has a market cap 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.

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