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

Key Points

• Aston Martin Lagonda Global's shares plummeted 12.6% after Citigroup downgraded the stock's price target from GBX 96 to GBX 75, maintaining a neutral rating.
• Analyst reports from JPMorgan Chase & Co. and Deutsche Bank also lowered their targets, resulting in a consensus rating of "Hold" with a price target of GBX 74.
• The company reported negative financial metrics, including a P/E ratio of -200.51 and a negative net margin of 21.42%, indicating challenging economic conditions.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report) was down 12.6% 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 were traded 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).

A number of other brokerages also recently issued reports on AML. Deutsche Bank Aktiengesellschaft reduced their price target on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their price target on Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 74.

Aston Martin Lagonda Global Price 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 company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88. The firm's fifty day moving average is GBX 75.40 and its two-hundred day moving average is GBX 75.48.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last issued 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 return on equity of 48.19% and a negative net margin of 21.42%. As a group, analysts anticipate that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share 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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