AB Dynamics (LON:ABDP) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their buy rating on shares of AB Dynamics (LON:ABDPGet Rating) in a research report released on Wednesday morning, Marketbeat.com reports.

Separately, Berenberg Bank upgraded AB Dynamics to a buy rating and lowered their target price for the company from GBX 1,850 ($21.88) to GBX 1,530 ($18.09) in a research note on Friday, September 30th.

AB Dynamics Stock Down 0.7 %

Shares of LON:ABDP opened at GBX 1,559 ($18.43) on Wednesday. The company has a market capitalization of £356.78 million and a P/E ratio of 8,694.44. The stock’s fifty day simple moving average is GBX 1,454.79 and its 200-day simple moving average is GBX 1,284.29. AB Dynamics has a 52-week low of GBX 920 ($10.88) and a 52-week high of GBX 2,000 ($23.65). The company has a quick ratio of 2.09, a current ratio of 2.56 and a debt-to-equity ratio of 1.00.

AB Dynamics Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, December 29th will be issued a GBX 3.54 ($0.04) dividend. This is an increase from AB Dynamics’s previous dividend of $1.76. The ex-dividend date is Thursday, December 29th. This represents a dividend yield of 0.22%. AB Dynamics’s dividend payout ratio (DPR) is 26.89%.

AB Dynamics Company Profile

(Get Rating)

AB Dynamics plc, through its subsidiaries, designs, develops, manufactures, and supplies testing and verification products and services for advanced driver assistance systems (ADAS), autonomous vehicle technology, and vehicle dynamics in the United Kingdom, rest of Europe, North America, the Asia Pacific, and internationally.

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