Goldman Sachs Group Lowers Aston Martin Lagonda Global (LON:AML) to Neutral

Aston Martin Lagonda Global (LON:AML) was downgraded by Goldman Sachs Group to a “neutral” rating in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 520 ($6.79) price target on the stock, down from their prior price target of GBX 620 ($8.10). Goldman Sachs Group’s target price would suggest a potential upside of 2.16% from the company’s previous close.

Several other equities analysts also recently weighed in on AML. Credit Suisse Group downgraded Aston Martin Lagonda Global to a “neutral” rating and cut their target price for the company from GBX 1,630 ($21.30) to GBX 529 ($6.91) in a research report on Wednesday, August 14th. Kepler Capital Markets cut their target price on Aston Martin Lagonda Global from GBX 450 ($5.88) to GBX 400 ($5.23) and set a “hold” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group cut their target price on Aston Martin Lagonda Global from GBX 600 ($7.84) to GBX 475 ($6.21) and set a “hold” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Aston Martin Lagonda Global in a research report on Thursday, October 10th. Finally, Bank of America downgraded Aston Martin Lagonda Global to an “underperform” rating and cut their target price for the company from GBX 550 ($7.19) to GBX 400 ($5.23) in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 748.60 ($9.78).

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LON AML opened at GBX 509 ($6.65) on Tuesday. The company has a market cap of $1.15 billion and a P/E ratio of -4.21. The company has a debt-to-equity ratio of 257.50, a quick ratio of 0.12 and a current ratio of 0.60. The business’s 50 day moving average price is GBX 475.25 and its 200-day moving average price is GBX 666.11. Aston Martin Lagonda Global has a fifty-two week low of GBX 371.10 ($4.85) and a fifty-two week high of GBX 1,474.20 ($19.26).

In other Aston Martin Lagonda Global news, insider Najeeb Al Humaidhi sold 961,550 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 1,000 ($13.07), for a total value of £9,615,500 ($12,564,353.85).

Aston Martin Lagonda Global Company Profile

Aston Martin Lagonda Global Holdings plc designs, engineers, manufactures, and sells luxury sports cars under the Aston Martin and Lagonda brands in the United Kingdom and internationally. It also engages in the sale of parts; and the provision of maintenance and accident repair services, as well as the restoration of older Aston Martin model cars.

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Analyst Recommendations for Aston Martin Lagonda Global (LON:AML)

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