Berenberg Bank Reiterates “Buy” Rating for Ashtead Technology (LON:AT)

Ashtead Technology (LON:AT)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a GBX 775 ($10.19) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 13.97% from the company’s current price.

Ashtead Technology Price Performance

Shares of LON AT opened at GBX 680 ($8.94) on Monday. The stock has a market cap of £542.23 million, a P/E ratio of 2,518.52 and a beta of 0.34. Ashtead Technology has a twelve month low of GBX 401.75 ($5.28) and a twelve month high of GBX 893 ($11.74). The stock has a 50 day moving average of GBX 803.56 and a two-hundred day moving average of GBX 773.33. The company has a current ratio of 1.33, a quick ratio of 1.46 and a debt-to-equity ratio of 74.30.

Ashtead Technology Company Profile

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. It offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.