Aston Martin target price cut

Panmure Gordon’s research analyst Sanjay Jha has cut his target share price of Aston Martin Lagonda to 327p, the lowest of any other analyst, and maintained his Sell rating.

Jha’s latest report on Aston Martin cited management’s recent statement that it is only considering debt markets for further funding, though its funding costs are significantly higher than Ferrari (c. 9% vs 1%), and its focus on cutting costs. Jha now assumes the business will be run for cash and its plans to build a sustainable luxury brand will be abandoned.

For more information, please contact Sanjay Jha, below.

Sanjay Jha

Industrial Technology