JPMorgan Chase & Co. Cuts Aston Martin Lagonda Global (LON:AML) Price Target to GBX 75

Key Points

• JPMorgan Chase & Co. has lowered the price target for Aston Martin Lagonda Global from GBX 90 to GBX 75, maintaining a "neutral" rating on the stock.
• Despite the price cut, JPMorgan's target indicates a potential upside of 7.37% from the stock's current price of GBX 69.85.
• Insider purchases of shares have increased, with notable transactions totaling 355,756 shares valued at over £149,000 in the last quarter.

Aston Martin Lagonda Global (LON:AML - Get Free Report) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from GBX 90 ($1.20) to GBX 75 ($1.00) in a report issued on Monday,Digital Look reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 7.37% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 95 ($1.26) target price on shares of Aston Martin Lagonda Global in a research report on Thursday.

Aston Martin Lagonda Global Stock Up 4.2%

AML stock opened at GBX 69.85 ($0.93) on Monday. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 179.38. Aston Martin Lagonda Global has a 1 year low of GBX 56 ($0.74) and a 1 year high of GBX 171 ($2.27). The company has a fifty day simple moving average of GBX 80.79 and a 200 day simple moving average of GBX 83.15. The firm has a market cap of £657.99 million, a PE ratio of -1.40, a PEG ratio of 0.03 and a beta of 2.00.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported GBX (14.60) (($0.19)) 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%. Sell-side analysts anticipate that Aston Martin Lagonda Global will post 3.0755403 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Adrian Hallmark bought 199,117 shares of the business's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of GBX 75 ($1.00) per share, with a total value of £149,337.75 ($198,297.37). Also, insider Cyrus Jilla bought 113,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of GBX 70 ($0.93) per share, with a total value of £79,100 ($105,032.53). Insiders bought a total of 355,756 shares of company stock valued at $25,811,227 in the last quarter. Insiders own 55.55% of the company's stock.

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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