AB Dynamics (LON:ABDP) Given New GBX 1,700 Price Target at Berenberg Bank

AB Dynamics (LON:ABDP) had its target price reduced by research analysts at Berenberg Bank from GBX 2,060 to GBX 1,700 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 127.35% from the stock’s previous close.

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

AB Dynamics Stock Performance

AB Dynamics stock opened at GBX 747.76 on Wednesday. AB Dynamics has a 52 week low of GBX 730 and a 52 week high of GBX 1,500. The company has a current ratio of 1.96, a quick ratio of 2.10 and a debt-to-equity ratio of 2.85. The stock has a market cap of £171.16 million, a P/E ratio of -31.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.35. The stock has a 50 day moving average of GBX 1,058.47 and a 200-day moving average of GBX 1,132.46.

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.