Shares of AB Dynamics plc (LON:ABDP – Get Free Report) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 816.03 and traded as high as GBX 847. AB Dynamics shares last traded at GBX 813, with a volume of 28,979 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reduced their price objective on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, AB Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,892.50.
Read Our Latest Stock Report on AB Dynamics
AB Dynamics Stock Performance
Insider Transactions at AB Dynamics
In related news, insider Sarah Matthews-DeMers bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of GBX 804 per share, for a total transaction of £16,080. 27.89% of the stock is currently owned by insiders.
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.
Further Reading
- Five stocks we like better than AB Dynamics
- Liberty Energy’s AI Power Push Has Wall Street Divided
- Why Valley National Is Buying Growth Instead of Building It
- Carnival and CarMax Pop on Strong Earnings, but Challenges Remain
- 3 Income Stocks Under $30 That Yield More Than the 10-Year Treasury Note
Receive News & Ratings for AB Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
