Jefferies Financial Group Has Lowered Expectations for AB Dynamics (LON:ABDP) Stock Price

AB Dynamics (LON:ABDP) had its price target lowered by equities researchers at Jefferies Financial Group from GBX 1,620 to GBX 1,370 in a research note issued on Monday,Digital Look reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 9.40% from the company’s previous close.

Several other research firms have also commented on ABDP. Peel Hunt reiterated 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 price objective on 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. Finally, Shore Capital reissued a “buy” rating and set a GBX 2,100 target price on shares of AB Dynamics in a research report on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,116.

AB Dynamics Price Performance

Shares of LON:ABDP traded down GBX 2.74 during midday trading on Monday, reaching GBX 1,252.26. 191,103 shares of the company were exchanged, compared to its average volume of 64,878. 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 has a one year low of GBX 1,184.86 and a one year high of GBX 1,930. The business’s fifty day moving average is GBX 1,292.40 and its two-hundred day moving average is GBX 1,357.95. The stock has a market cap of £286.64 million, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

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