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

AB Dynamics (LON:ABDP)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 2,100 target price on the stock. Shore Capital’s price target would indicate a potential upside of 57.89% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Peel Hunt restated a “buy” rating and set a GBX 2,400 price target on shares of AB Dynamics in a research note on Tuesday, November 11th. Berenberg Bank dropped their price target on AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 2,302.50.

AB Dynamics Trading Down 0.7%

ABDP stock traded down GBX 10 during trading on Thursday, hitting GBX 1,330. The company had a trading volume of 122,040 shares, compared to its average volume of 63,473. The stock has a market cap of £304.44 million, a PE ratio of 25.83, a PEG ratio of 1.74 and a beta of 0.72. The business has a 50-day moving average of GBX 1,290.10 and a 200-day moving average of GBX 1,378.10. 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.

AB Dynamics (LON:ABDP) last issued its quarterly 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%. Research analysts predict that AB Dynamics will post 68.8259109 earnings per share for the current fiscal year.

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.