AB Dynamics (LON:ABDP – Get Free Report) had its target price reduced by analysts at Berenberg Bank from GBX 1,700 to GBX 1,350 in a report released on Tuesday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank‘s price target indicates a potential upside of 82.41% from the company’s previous close.
AB Dynamics Price Performance
AB Dynamics stock opened at GBX 740.10 on Tuesday. The company has a market capitalization of £169.41 million, a price-to-earnings ratio of -31.63, a PEG ratio of 1.74 and a beta of 0.34. The company has a current ratio of 1.96, a quick ratio of 2.10 and a debt-to-equity ratio of 2.85. AB Dynamics has a 12 month low of GBX 718 and a 12 month high of GBX 1,350. The stock’s 50 day moving average is GBX 820.47 and its 200-day moving average is GBX 1,007.90.
Insider Transactions at AB Dynamics
In other news, insider Sarah Matthews-DeMers acquired 600 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of GBX 824 per share, with a total value of £4,944. 27.89% of the stock is owned by company 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.
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