Ab Dynamics’ (ABDP) “Buy” Rating Reiterated at Liberum Capital

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

Separately, Peel Hunt initiated 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 on the stock.

Shares of Ab Dynamics stock opened at GBX 1,890 ($24.86) on Wednesday. The firm’s 50 day moving average price is GBX 2,131.90 and its 200-day moving average price is GBX 2,339.42. Ab Dynamics has a 52-week low of GBX 1,152.55 ($15.16) and a 52-week high of GBX 2,850 ($37.49). The company has a market cap of $423.73 million and a P/E ratio of 44.89.

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

In other news, insider Mat Hubbard sold 40,000 shares of Ab Dynamics 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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