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Aston Martin share price could surge higher on Covid-19 vaccine hopes

Aston Martin Lagonda has struggled, with the company weighed down by the economic coronavirus pandemic at a time when it is executing a major turnaround strategy. But things are looking up for the luxury car maker.

  • Aston Martin Lagonda shares up 54% as Covid-19 vaccines lift investor sentiment
  • The car maker still faces challenges as it looks to ‘reset’ as a true luxury company
  • Aston Martin Lagonda shares bolster by Mercedes-Benz commitment to lift stake to 20%

Aston Martin shares have soared 54% as Covid-19 vaccines have lifted investor sentiment across global equities.

But the luxury car maker still has a long road to recovery, with the company seeing its share price crash after its initial public offering (IPO) back in 2018 where it debuted at £19 per share.

Aston Martin shares are trading 6% higher at 80p per share at the time of publication, with the stock down 54% year-to-date.

Aston Martin aims to ‘reset’ business in 2020

This year has come with lots of challenges, with Aston Martin weighed down by the economic impact of the Covid-19 pandemic at a time when it is executing a major turnaround strategy aimed at refocusing it as a luxury car maker.

The company has developed a new business plan that aims to generate revenues of around £2 billion and £500 million of adjusted EBITDA by the 2024/25 financial year.

To achieve this, Aston Martin is looking to develop new technologies via an partnership with Mercedes-Benz and has taken on new shareholders in the form of family office, Zelon Holdings, and Permian Investment Partners to strengthen its balance sheet.

‘This is truly game changing,’ Lawrence Stroll, executive chairman of Aston Martin Lagonda, said. ‘We now have the right team, partner, plan and funding in place to transform the company to be one of the greatest luxury car brands in the world.’

Aston Martin stock bolster by Mercedes-Benz upping stake to 20%

Shares in the luxury car maker were bolstered in October after Mercedes-Benz announce that it plans to lift its stake in the company to 20% over the next few years.

Mercedes-Benz also announced that it had entered into a new strategic technology agreement and enhanced partnership with Aston Martin in a move that will help the pair develop next generation hybrid and electric powertrains and other vehicle components and systems.

‘We already have a successful technology partnership in place with Aston Martin that has benefited both companies,’ Wolf-Dieter Kurz, head of Product Strategy at Mercedes-Benz Cars, said. ‘With this new expanded partnership we will be able to provide Aston Martin with access to new cutting-edge technologies and components, including next generation hybrid and electric drive systems.’

‘The supply arrangements for these new technologies will be on agreed commercial terms. We look forward to continuing to work together with Aston Martin and we wish the company every success in its next stage of growth,’ he added.

How to trade stocks with IG

Looking to trade Aston Martin Lagonda and other stocks? Open a live or demo account with IG and buy (long) or sell (short) shares using derivatives like CFDs and spread bets in a few easy steps:

  1. Create an IG trading account or log in to your existing account
  2. Enter ‘Aston Martin Lagonda Global Holdings PLC’ in the search bar and select it
  3. Choose your position size
  4. Click on ‘buy’ or ‘sell’ in the deal ticket
  5. Confirm the trade

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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