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

Key Points

• Aston Martin Lagonda Global Holdings plc shares fell 12.6% after Citigroup cut its price target from GBX 96 to GBX 75, maintaining a neutral rating on the stock.
• Research reports from Deutsche Bank and JPMorgan Chase also contributed to a pessimistic outlook by downgrading their price targets on the stock.
• The company reported a negative net margin of 21.42% and a negative return on equity of 48.19% in its latest quarterly earnings results.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report) was down 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 equities research analysts have also commented on AML. JPMorgan Chase & Co. reduced their target price on shares of Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating on the stock in a research note on Monday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Aston Martin Lagonda Global has an average rating of "Hold" and an average price target of GBX 74.

Aston Martin Lagonda Global Price Performance

The stock has a market cap of £592.54 million, a PE ratio of -200.51, a PEG 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. The stock has a 50 day moving average of GBX 75.40 and a two-hundred day moving average of GBX 75.48.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last announced its quarterly 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%. Equities analysts anticipate 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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