Key Points
- Insider purchase: Sarah Matthews-DeMers bought 2,000 AB Dynamics shares at GBX 804 each, investing a total of £16,080.
- Stock performance and valuation: AB Dynamics opened at GBX 805 and was reported up 3.1%, with shares trading well below their 52-week high of GBX 1,480.
- Analyst outlook: Berenberg lowered its price target to GBX 1,700 but maintained a “buy” rating. Overall, analysts assign the stock a “Moderate Buy” consensus rating with a GBX 1,892.50 price target.
AB Dynamics plc (LON:ABDP - Get Free Report) insider Sarah Matthews-DeMers bought 2,000 shares of the stock in a transaction on Thursday, August 20th. The stock was purchased at an average cost of GBX 804 per share, for a total transaction of £16,080.
AB Dynamics Trading Up 3.1%
LON:ABDP opened at GBX 805 on Friday. The company has a market capitalization of £184.26 million, a PE ratio of -34.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.33. 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 plc has a 52-week low of GBX 718 and a 52-week high of GBX 1,480. The stock has a fifty day simple moving average of GBX 952.04 and a 200-day simple moving average of GBX 1,071.44.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank dropped their target price on shares of AB Dynamics from GBX 2,060 to GBX 1,700 and set a "buy" rating for the company in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,892.50.
View Our Latest Report on AB Dynamics
About AB Dynamics
(
Get Free Report)
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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