AB Dynamics (LON:ABDP) Price Target Cut to GBX 1,700 by Analysts at Berenberg Bank

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

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

AB Dynamics Price Performance

ABDP 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 50 day moving average of GBX 1,058.47 and a two-hundred day moving average of GBX 1,132.46. The company has a market cap of £171.16 million, a P/E ratio of -31.96, a P/E/G ratio of 1.74 and a beta of 0.35. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85.

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.