Ashtead Technology (LON:AT) Earns “Buy” Rating from Berenberg Bank

Ashtead Technology (LON:AT)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report released on Monday,Digital Look reports. They presently have a GBX 700 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 83.01% from the company’s current price.

Separately, Peel Hunt restated a “buy” rating and issued a GBX 725 price objective on shares of Ashtead Technology in a research note on Thursday, November 20th. Four investment 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 646.25.

Ashtead Technology Stock Performance

AT opened at GBX 382.50 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The stock’s 50 day moving average price is GBX 324.97 and its two-hundred day moving average price is GBX 346.17. The firm has a market capitalization of £303.35 million, a P/E ratio of 12.35 and a beta of 0.28. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893.

Insider Buying and Selling

In other Ashtead Technology news, insider Tony Durrant purchased 30,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of GBX 306 per share, for a total transaction of £91,800. 3.28% of the stock is currently owned by company insiders.

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. It also provides mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and diver tooling, intervention skids, topside support, recovery tools, ancillary deck equipment, and fabrication solutions.