AB Dynamics (LON:ABDP) Announces Quarterly Earnings Results

AB Dynamics (LON:ABDP) issued its earnings results on Tuesday. The company reported GBX 81.30 earnings per share for the quarter, Digital Look Earnings reports. AB Dynamics had a return on equity of 10.55% and a net margin of 13.10%.

AB Dynamics Trading Down 0.9%

Shares of LON ABDP opened at GBX 1,298.40 on Wednesday. AB Dynamics has a 1-year low of GBX 1,210 and a 1-year high of GBX 2,150. The business has a fifty day moving average price of GBX 1,366.75 and a 200 day moving average price of GBX 1,532.84. The stock has a market capitalization of £297.03 million, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10.

Analysts Set New Price Targets

Several equities analysts have recently commented on ABDP shares. Shore Capital restated a “buy” rating and set a GBX 2,100 price target on shares of AB Dynamics in a research note on Tuesday, September 23rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,400 price objective on shares of AB Dynamics in a research note on Tuesday. Finally, Berenberg Bank cut their target price on shares of AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 2,302.50.

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.