Aston Martin Lagonda Global (OTCMKTS:ARGGY) Stock Rating Lowered by Sanford C. Bernstein

Aston Martin Lagonda Global (OTCMKTS:ARGGY) was downgraded by Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on ARGGY. The Goldman Sachs Group assumed coverage on Aston Martin Lagonda Global in a report on Sunday, November 23rd. They issued a “hold” rating on the stock. HSBC reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Aston Martin Lagonda Global Stock Performance

Shares of ARGGY opened at $0.58 on Wednesday. Aston Martin Lagonda Global has a one year low of $0.54 and a one year high of $1.22. The stock has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.84.

Aston Martin Lagonda Global Company Profile

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.