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Prices & Quotes - UK Markets - Aston Martin Lagonda Global Holdings (AML)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,900.00p
Change Today:
3.50p
Market Cap:
2,207.98m
Sector:
Automobiles & Parts

Citi reiterates 'buy' on Aston Martin ahead of Q2 results

By Michele Maatouk

Date: Wednesday 07 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Citi reiterated its 'buy' rating on shares of luxury car maker Aston Martin on Wednesday ahead of its second-quarter results.
The bank said Aston Martin is on the path back towards profitability. "In Q2 we expect to see further signs of recovery from higher DBX deliveries, increased contribution from Specials, and sustained 9% EBITDA margins ahead of a meaningful step up to an 18% EBITDA margin in 2H," it said.

Citi is forecasting 24m EBITDA in the second quarter, including a recently flagged 5m bad debt provision following termination of a commercial agreement with a Swiss dealer.

"Our proprietary residual value data shows an appreciation in the value of used DBX vehicles in June, demonstrating the strong pricing environment and consumer demand that should support margins," the bank said.

It added that the recent bond issuance has eased liquidity concerns and said that on its estimates, the 575m cash position leaves sufficient headroom for cumulative 365m negative free cash flow over FY21/22 before turning positive from FY23.

Citi has a 2,800p price target on Aston Martin shares.

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AML Market Data

Currency UK Pounds
Price 1,900.00p
Change Today 3.50p
52 Week High 2,273.00p
52 Week Low 965.60p
Volume 691,816
Shares Issued 116.21m
Market Cap 2,207.98m

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 1
Neutral 5
Sell 1
Strong Sell 2
Total 10
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AML Dividends

No dividends found

Trades for 17-Sep-2021

Time Volume / Share Price
16:59 107 @ 1,900.00p
16:50 107 @ 1,900.00p
16:37 10,026 @ 1,900.00p
16:37 82,546 @ 1,900.00p
16:37 1,280 @ 1,900.00p

AML Key Personnel

CEO Tobias Moers
CFO Kenneth Gregor