Berenberg Bank Cuts AB Dynamics (LON:ABDP) Price Target to GBX 1,700

AB Dynamics (LON:ABDP) had its price objective reduced by Berenberg Bank from GBX 2,060 to GBX 1,700 in a research note published on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,370 price objective on shares of AB Dynamics in a research note on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, AB Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,892.50.

AB Dynamics Stock Up 1.4%

ABDP opened at GBX 740 on Wednesday. AB Dynamics has a 1 year low of GBX 718 and a 1 year high of GBX 1,500. The firm has a 50 day moving average price of GBX 1,038.33 and a 200 day moving average price of GBX 1,121.38. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The company has a market cap of £169.39 million, a PE ratio of -31.62, a price-to-earnings-growth ratio of 1.74 and a beta of 0.35.

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.