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

Key Points

• Aston Martin Lagonda Global Holdings plc shares dropped by 12.6% after Citigroup downgraded their price target from GBX 96 to GBX 75.
• Analysts have a consensus rating of "Hold" on the stock, with various firms adjusting their price targets lower, including Deutsche Bank and JPMorgan Chase.
• The company reported negative earnings per share of GBX (14.60) for its latest quarter, reflecting ongoing financial challenges.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s share 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 traded 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).

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Aston Martin Lagonda Global presently has a consensus rating of "Hold" and an average price target of GBX 74.

Aston Martin Lagonda Global Stock Performance

The company's 50 day simple moving average is GBX 75.40 and its 200 day simple moving average is GBX 75.48. The stock has a market cap of £592.54 million, a PE ratio of -200.51, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last released its earnings results 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%. Analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current 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.

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