Aston Martin Lagonda Global (LON:AML) Cut to “Neutral” at Goldman Sachs Group

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Aston Martin Lagonda Global (LON:AML) was downgraded by equities researchers at Goldman Sachs Group to a “neutral” rating in a report released on Tuesday, Stock Target Advisor reports. They currently have a GBX 520 ($6.79) target price on the stock, down from their previous target price of GBX 620 ($8.10). Goldman Sachs Group’s price objective points to a potential upside of 3.38% from the stock’s previous close.

AML has been the topic of a number of other reports. Deutsche Bank lowered their price objective on Aston Martin Lagonda Global from GBX 600 ($7.84) to GBX 560 ($7.32) and set a “hold” rating on the stock in a research note on Tuesday, November 19th. HSBC upgraded Aston Martin Lagonda Global to a “buy” rating and boosted their price objective for the company from GBX 533 ($6.96) to GBX 550 ($7.19) in a research note on Monday, November 11th. Credit Suisse Group cut Aston Martin Lagonda Global to a “neutral” rating and lowered their price objective for the company from GBX 1,630 ($21.30) to GBX 529 ($6.91) in a research note on Wednesday, August 14th. Kepler Capital Markets lowered their price objective 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 note on Friday, November 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Aston Martin Lagonda Global in a research note on Thursday, October 10th. 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 presently has an average rating of “Hold” and a consensus target price of GBX 748.60 ($9.78).

Shares of Aston Martin Lagonda Global stock opened at GBX 503 ($6.57) on Tuesday. Aston Martin Lagonda Global has a 52-week low of GBX 371.10 ($4.85) and a 52-week high of GBX 1,474.20 ($19.26). The stock’s 50-day simple moving average is GBX 477.44 and its 200 day simple moving average is GBX 662.58. The stock has a market capitalization of $1.15 billion and a P/E ratio of -4.16. The company has a debt-to-equity ratio of 257.50, a quick ratio of 0.12 and a current ratio of 0.60.

In other news, insider Najeeb Al Humaidhi sold 961,550 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 1,000 ($13.07), for a total transaction 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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