Aston Martin Lagonda Global (LON:AML) Stock Price Up 11.2% – Here’s Why

Aston Martin Lagonda Global Holdings plc (LON:AML) shares were up 11.2% on Wednesday . The company traded as high as GBX 85.60 ($1.10) and last traded at GBX 83.65 ($1.07). Approximately 62,263,930 shares were traded during mid-day trading, an increase of 1,065% from the average daily volume of 5,342,736 shares. The stock had previously closed at GBX 75.25 ($0.96).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 160 ($2.05) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, February 19th.

Aston Martin Lagonda Global Price Performance

The stock has a market cap of £798.34 million, a price-to-earnings ratio of -1.70, a P/E/G ratio of 0.03 and a beta of 2.00. The company has a 50 day simple moving average of GBX 106.10 and a 200-day simple moving average of GBX 118.20. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 179.38.

Aston Martin Lagonda Global (LON:AML) last posted its quarterly earnings data on Wednesday, February 26th. The company reported GBX (34.80) (($0.45)) earnings per share (EPS) for the quarter. Aston Martin Lagonda Global had a negative return on equity of 48.19% and a negative net margin of 21.42%. Research analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current year.

Aston Martin Lagonda Global Company Profile

Aston Martin’s vision is to be the world’s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity.