Aston Martin Lagonda Global (LON:AML) Shares Down 10.1% - Here's Why

Key Points

• Aston Martin Lagonda Global Holdings plc shares dropped by 10.1% during trading, reaching a low of GBX 71.95 ($0.97).
• Analyst ratings show a consensus "Hold" rating with a price target averaging GBX 85, although JPMorgan recently lowered its target from GBX 90 to GBX 75.
• The company reported negative earnings per share of GBX (14.60) for the last quarter, reflecting a negative net margin of 21.42% and a return on equity of -48.19%.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s stock price was down 10.1% during trading on Monday . The stock traded as low as GBX 71.95 ($0.97) and last traded at GBX 73.10 ($0.99). Approximately 4,583,481 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 3,299,495 shares. The stock had previously closed at GBX 81.30 ($1.10).

Analyst Ratings Changes

A number of research analysts recently commented on AML shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 95 price objective on shares of Aston Martin Lagonda Global in a research note on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on Aston Martin Lagonda Global from GBX 90 to GBX 75 and set a "neutral" rating for the company in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 85.

Aston Martin Lagonda Global Price Performance

The business's 50-day simple moving average is GBX 75.88 and its two-hundred day simple moving average is GBX 75.68. The firm has a market cap of £739.79 million, a price-to-earnings ratio of -250.34, a P/E/G ratio of 0.03 and a beta of 2.00. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 179.38.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX (14.60) 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 expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current fiscal year.

Aston Martin Lagonda Global Company Profile

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.

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