Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
The latest update is out from Aston Martin Lagonda Global Holdings plc ( (GB:AML) ).
Aston Martin Lagonda Global Holdings plc announced a transaction involving Yew Tree Overseas Limited, a company associated with Lawrence Stroll, the Executive Chairperson. Yew Tree purchased 62,072,407 ordinary shares at £0.70 each, totaling £43,450,684.90, as part of an equity placing on the London Stock Exchange. This transaction reflects a strategic move to strengthen the company’s financial position and potentially enhance its market presence.
The most recent analyst rating on (GB:AML) stock is a Buy with a £1.80 price target. To see the full list of analyst forecasts on Aston Martin Lagonda Global Holdings plc stock, see the GB:AML Stock Forecast page.
Spark’s Take on GB:AML Stock
According to Spark, TipRanks’ AI Analyst, GB:AML is a Neutral.
Aston Martin’s stock score reflects ongoing financial struggles with high leverage and negative profitability heavily impacting its valuation. Despite strategic initiatives and some positive developments in corporate governance and liquidity, technical indicators and valuation metrics suggest caution. The stock remains under pressure due to bearish trends and a challenging market environment.
To see Spark’s full report on GB:AML stock, click here.
More about Aston Martin Lagonda Global Holdings plc
Aston Martin Lagonda Global Holdings plc operates in the luxury automotive industry, primarily focusing on the design, manufacture, and sale of high-performance sports cars and grand tourers. The company is recognized for its iconic luxury vehicles and targets affluent consumers seeking premium automotive experiences.
Average Trading Volume: 3,385,837
Technical Sentiment Signal: Sell
Current Market Cap: £799.9M
See more data about AML stock on TipRanks’ Stock Analysis page.