Ashtead Technology (LON:AT) Stock Price Up 2.1% – Time to Buy?

Ashtead Technology Holdings Plc (LON:AT) shares rose 2.1% on Monday . The company traded as high as GBX 346.50 ($4.66) and last traded at GBX 344 ($4.63). Approximately 1,349,821 shares were traded during trading, The stock had previously closed at GBX 337 ($4.53).

Analysts Set New Price Targets

AT has been the subject of a number of research reports. Peel Hunt reiterated a “buy” rating and set a GBX 725 target price on shares of Ashtead Technology in a research note on Friday, August 1st. Canaccord Genuity Group decreased their target price on shares of Ashtead Technology from GBX 825 to GBX 600 and set a “buy” rating for the company in a research note on Friday, July 25th. Finally, Berenberg Bank reduced their price objective on Ashtead Technology from GBX 800 to GBX 700 and set a “buy” rating for the company in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 721.25.

Ashtead Technology Trading Up 2.1%

The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82. The stock’s fifty day moving average is GBX 385.36 and its 200 day moving average is GBX 453.56. The stock has a market cap of £272.82 million, a P/E ratio of 11.11 and a beta of 0.28.

About Ashtead Technology

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.