Ab Dynamics (LON:ABDP) Earns Buy Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Ab Dynamics (LON:ABDP) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt assumed coverage on shares of Ab Dynamics in a research report on Tuesday, January 14th. They issued a buy rating and a GBX 2,800 ($36.83) price objective for the company.

ABDP stock opened at GBX 1,890 ($24.86) on Wednesday. The company has a 50 day moving average price of GBX 2,131.90 and a 200 day moving average price of GBX 2,339.42. Ab Dynamics has a fifty-two week low of GBX 1,152.55 ($15.16) and a fifty-two week high of GBX 2,850 ($37.49). The stock has a market capitalization of $423.73 million and a PE ratio of 44.89.

The business also recently disclosed a dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, January 2nd were given a GBX 2.79 ($0.04) dividend. This represents a yield of 0.11%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from Ab Dynamics’s previous dividend of $1.61. Ab Dynamics’s payout ratio is 0.10%.

In related news, insider Mat Hubbard sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 2,322 ($30.54), for a total value of £928,800 ($1,221,783.74).

Ab Dynamics Company Profile

AB Dynamics Plc, through its subsidiaries, designs and manufactures test equipment for vehicle suspension, steering, noise, and vibration in the United Kingdom, rest of Europe, the United States, and internationally. The company also provides a range of services, which include analysis, design, prototype manufacture, testing, and development.

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