Aston Martin: Deutsche Bank says the price is right
(CercleFinance.com) - Deutsche Bank has resumed coverage of the British Aston Martin Lagonda share with an initial "hold" rating.
The broker has an associated target price of 600 pence, meaning upside potential of around 35%.
Analysts have taken into account the latest news, including the group's profit warning and the increase in the group's debt.
"At the current market price, we believe the shares reflect AML's risk/reward profile appropriately," the broker says in a research note.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker has an associated target price of 600 pence, meaning upside potential of around 35%.
Analysts have taken into account the latest news, including the group's profit warning and the increase in the group's debt.
"At the current market price, we believe the shares reflect AML's risk/reward profile appropriately," the broker says in a research note.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.