Aston Martin Lagonda Global (LON:AML) Shares Down 12.6% After Analyst Downgrade

Key Points

• Aston Martin Lagonda Global shares dropped by 12.6% after Citigroup downgraded their price target from GBX 96 to GBX 75, maintaining a neutral rating on the stock.
• Other analysts, including JPMorgan Chase & Co. and Deutsche Bank, also lowered their price targets, indicating a consensus average target price of GBX 74 and a majority "Hold" rating.
• The company's financial performance highlights include a debt-to-equity ratio of 179.38 and a negative return on equity of 48.19%, raising concerns about its financial stability.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s stock price dropped 12.6% during trading on Thursday after Citigroup lowered their price target on the stock from GBX 96 to GBX 75. Citigroup currently has a neutral rating on the stock. Aston Martin Lagonda Global traded as low as GBX 58.50 ($0.78) and last traded at GBX 58.55 ($0.78). Approximately 9,364,873 shares changed hands during mid-day trading, an increase of 181% from the average daily volume of 3,334,297 shares. The stock had previously closed at GBX 67 ($0.89).

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating for the company in a report on Monday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of GBX 74.

Aston Martin Lagonda Global Trading Down 12.6%

The company has a market capitalization of £592.54 million, a P/E ratio of -200.51, a PEG ratio of 0.03 and a beta of 2.00. The business's 50-day moving average price is GBX 75.63 and its two-hundred day moving average price is GBX 75.58. The company has a debt-to-equity ratio of 179.38, a current ratio of 0.88 and a quick ratio of 0.71.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX (14.60) EPS for the quarter. Aston Martin Lagonda Global had a negative return on equity of 48.19% and a negative net margin of 21.42%. As a group, analysts forecast 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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