AB Dynamics (LON:ABDP) Price Target Cut to GBX 1,350 by Analysts at Berenberg Bank

AB Dynamics (LON:ABDP) had its price target cut by analysts at Berenberg Bank from GBX 1,700 to GBX 1,350 in a note issued to investors on Tuesday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 82.41% from the company’s current price.

AB Dynamics Price Performance

Shares of LON ABDP opened at GBX 740.10 on Tuesday. The business’s 50 day moving average price is GBX 820.47 and its two-hundred day moving average price is GBX 1,007.90. The company has a market cap of £169.41 million, a PE ratio of -31.63, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85. AB Dynamics has a twelve month low of GBX 718 and a twelve month high of GBX 1,350.

Insider Transactions at AB Dynamics

In other AB Dynamics news, insider Sarah Matthews-DeMers purchased 600 shares of the business’s stock in a transaction on Friday, September 25th. The stock was acquired at an average price of GBX 824 per share, with a total value of £4,944. 27.89% of the stock is owned by corporate insiders.

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.