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

Key Points

• Aston Martin Lagonda Global's shares plummeted by 12.6%, following a downgrade from Citigroup, which lowered its price target from GBX 96 to GBX 75 and maintains a 'neutral' rating.
• Other analysts, including JPMorgan Chase and Deutsche Bank, also reduced their price targets, with a consensus rating of 'Hold' and an average price target set at GBX 74.
• The company reported negative earnings per share of GBX (14.60) and has a concerning debt-to-equity ratio of 179.38, indicating significant financial challenges.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report) fell 12.6% during mid-day 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). 9,364,873 shares traded hands during mid-day trading, an increase of 181% from the average session volume of 3,334,297 shares. The stock had previously closed at GBX 67 ($0.89).

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

Aston Martin Lagonda Global Trading Down 12.6%

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

Aston Martin Lagonda Global (LON:AML - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX (14.60) earnings per share (EPS) 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, equities analysts anticipate that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current 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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