Ashtead Technology (LON:AT) Trading Up 5.5% – Should You Buy?

Ashtead Technology Holdings Plc (LON:AT) shares rose 5.5% on Tuesday . The company traded as high as GBX 448 and last traded at GBX 444. Approximately 561,580 shares were traded during trading, The stock had previously closed at GBX 421.

Analyst Ratings Changes

Several research firms have weighed in on AT. Peel Hunt reissued a “buy” rating and issued a GBX 725 price objective on shares of Ashtead Technology in a research report on Thursday, November 20th. Berenberg Bank reiterated a “buy” rating and set a GBX 700 price target on shares of Ashtead Technology in a research note on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 646.25.

Ashtead Technology Stock Performance

The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83. The firm’s fifty day moving average is GBX 352.04 and its 200 day moving average is GBX 346.70. The company has a market cap of £348.95 million, a PE ratio of 14.20 and a beta of 0.28.

Insider Buying and Selling

In other news, insider Tony Durrant bought 30,000 shares of the stock in a transaction on Friday, January 2nd. The shares were bought at an average price of GBX 306 per share, with a total value of £91,800. Insiders own 3.28% of the company’s stock.

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. 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.