Ab Dynamics PLC Hit 52-Week High

 Ab Dynamics PLC Hit 52 Week High

The stock of Ab Dynamics PLC (LON:ABDP) hit a new 52-week high and has GBX 526.35 target or 4.00% above today’s GBX 506.11 share price. The 5 months bullish chart indicates low risk for the GBX 89.39M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 526.35 price target is reached, the company will be worth GBX 3.58M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.22% or GBX 6.11 on November 22, hitting GBX 506.11. About 21,943 shares traded hands or 41.64% up from the average. Ab Dynamics PLC (LON:ABDP) has risen 7.37% since April 26, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

Ab Dynamics PLC (LON:ABDP) Ratings Coverage

Out of 2 analysts covering AB Dynamics Plc (LON:ABDP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. GBX 524 is the highest target while GBX 264 is the lowest. The GBX 519.50 average target is 2.65% above today’s (GBX 506.11) stock price. AB Dynamics Plc has been the topic of 12 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The stock of Ab Dynamics PLC (LON:ABDP) earned “Hold” rating by Cantor Fitzgerald on Tuesday, April 26. Cantor Fitzgerald maintained Ab Dynamics PLC (LON:ABDP) rating on Thursday, March 24. Cantor Fitzgerald has “Hold” rating and GBX 340 price target. The firm has “Buy” rating given on Thursday, November 12 by Cantor Fitzgerald. Cantor Fitzgerald maintained Ab Dynamics PLC (LON:ABDP) on Thursday, October 8 with “Buy” rating. The firm has “Hold” rating given on Thursday, August 4 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald on Wednesday, November 16 with “Hold”. On Tuesday, July 12 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The firm has “Hold” rating given on Tuesday, October 4 by Cantor Fitzgerald. As per Thursday, November 19, the company rating was downgraded by Cantor Fitzgerald. The firm has “Buy” rating by Panmure Gordon given on Tuesday, October 4.

Ab Dynamics PLC is a United Kingdom firm engaged in the design, manufacture and supply to the global automotive industry of advanced testing and measurement products for vehicle suspension, brakes and steering both in the laboratory and on the test track. The company has a market cap of 89.39 million GBP. The Company’s products service include Kinematics and compliance testing, Vehicle dynamics testing on the track, Driver assistance system testing, Driverless vehicle track testing, Steering system testing and Noise/vibration testing of power train assemblies. It has a 23.02 P/E ratio.

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