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

Key Points

• Aston Martin Lagonda Global's stock fell by 12.6% after Citigroup downgraded its price target from GBX 96 to GBX 75, maintaining a neutral rating.
• Other brokerages like Deutsche Bank and JPMorgan Chase have also lowered their price targets, with a consensus rating of "Hold" from three equities research analysts.
• The company has a current market cap of £592.54 million and negative performance metrics, including a P/E ratio of -200.51 and a negative return on equity of 48.19%.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s stock price dropped 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). Approximately 9,364,873 shares changed hands during 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 brokerages have also recently issued reports on AML. Deutsche Bank Aktiengesellschaft reduced their price objective on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target on Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Aston Martin Lagonda Global has a consensus rating of "Hold" and an average price target of GBX 74.

Aston Martin Lagonda Global Stock Performance

The company has a market cap of £592.54 million, a P/E ratio of -200.51, a P/E/G ratio of 0.03 and a beta of 2.00. The firm has a 50 day moving average price of GBX 75.40 and a 200-day moving average price of GBX 75.48. 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 posted 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 return on equity of 48.19% and a negative net margin of 21.42%. On average, research analysts predict that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS 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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