Aston Martin Lagonda Global (LON:AML) Trading Up 12.4% – Here’s What Happened

Aston Martin Lagonda Global Holdings plc (LON:AML) shares shot up 12.4% on Wednesday . The stock traded as high as GBX 87.45 ($1.12) and last traded at GBX 84.60 ($1.08). 63,588,289 shares traded hands during trading, an increase of 1,084% from the average session volume of 5,372,166 shares. The stock had previously closed at GBX 75.25 ($0.96).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 160 ($2.05) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, February 19th.

Aston Martin Lagonda Global Price Performance

The firm has a 50-day moving average of GBX 106.10 and a 200 day moving average of GBX 118.20. The company has a debt-to-equity ratio of 179.38, a current ratio of 0.88 and a quick ratio of 0.71. The company has a market capitalization of £810.12 million, a PE ratio of -1.73, a PEG ratio of 0.03 and a beta of 2.00.

Aston Martin Lagonda Global (LON:AML) last released its quarterly earnings data on Wednesday, February 26th. The company reported GBX (34.80) (($0.45)) earnings per share for the quarter. Aston Martin Lagonda Global had a negative net margin of 21.42% and a negative return on equity of 48.19%. As a group, research analysts anticipate that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current fiscal year.

About Aston Martin Lagonda Global

Aston Martin’s vision is to be the world’s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity.