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

Ashtead Technology (LON:AT)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 800 ($10.63) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 60.80% from the stock’s previous close.

Ashtead Technology Trading Up 0.6 %

Shares of Ashtead Technology stock opened at GBX 497.50 ($6.61) on Wednesday. The company has a fifty day simple moving average of GBX 505.07 and a 200-day simple moving average of GBX 531.40. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83. Ashtead Technology has a 12-month low of GBX 426 ($5.66) and a 12-month high of GBX 893 ($11.86). The stock has a market cap of £394.55 million, a price-to-earnings ratio of 16.06 and a beta of 0.28.

Ashtead Technology (LON:AT) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 45 ($0.60) EPS for the quarter. Ashtead Technology had a net margin of 17.37% and a return on equity of 23.56%. On average, equities analysts forecast that Ashtead Technology will post 42.8247734 EPS for the current fiscal year.

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. The company 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.