AB Dynamics (LON:ABDP) Earns "Buy" Rating from Shore Capital

Key Points

• AB Dynamics' stock received a "buy" rating from Shore Capital, with a target price of GBX 2,100, indicating a potential upside of 50.00% from its current price.
• The company reported shares opening at GBX 1,400 and has a market cap of £320.28 million, with a PE ratio of 3,070.18.
• Insider Sarah Matthews-DeMers purchased 1,000 shares at an average cost of GBX 1,544, reflecting strong insider confidence as 27.82% of the stock is owned by insiders.

AB Dynamics (LON:ABDP - Get Free Report)'s stock had its "buy" rating reiterated by Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 2,100 target price on the stock. Shore Capital's price objective suggests a potential upside of 50.00% from the stock's current price.

AB Dynamics Stock Performance

Shares of LON:ABDP opened at GBX 1,400 on Tuesday. The firm has a market cap of £320.28 million, a PE ratio of 3,070.18, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The firm's 50 day simple moving average is GBX 1,418.73 and its 200-day simple moving average is GBX 1,624.18. AB Dynamics has a one year low of GBX 1,320 and a one year high of GBX 2,150. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.10 and a current ratio of 2.06.

Insider Transactions at AB Dynamics

In other AB Dynamics news, insider Sarah Matthews-DeMers acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were bought at an average cost of GBX 1,544 per share, with a total value of £15,440. 27.82% of the stock is currently owned by 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.

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