Ashtead Technology’s (AT) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Ashtead Technology (LON:AT) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a GBX 600 target price on the stock.

A number of other analysts have also issued reports on AT. Berenberg Bank reiterated a “buy” rating and set a GBX 700 price objective on shares of Ashtead Technology in a research note on Monday, January 19th. Peel Hunt restated a “buy” rating and issued a GBX 725 target price on shares of Ashtead Technology in a research note on Thursday, November 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 637.

Ashtead Technology Stock Up 3.2%

Shares of LON AT opened at GBX 405.50 on Thursday. Ashtead Technology has a 52-week low of GBX 426 and a 52-week high of GBX 893. The firm has a fifty day moving average of GBX 404.60 and a 200-day moving average of GBX 361.21. The stock has a market capitalization of £321.59 million, a PE ratio of 13.09 and a beta of 0.34. The company has a quick ratio of 1.46, a current ratio of 2.25 and a debt-to-equity ratio of 78.29.

Ashtead Technology (LON:AT) last posted its earnings results on Tuesday, March 17th. The company reported GBX 49.40 earnings per share (EPS) for the quarter. Ashtead Technology had a net margin of 15.85% and a return on equity of 21.84%. On average, analysts anticipate that Ashtead Technology will post 42.8247734 EPS for the current year.

Insider Transactions at Ashtead Technology

In other news, insider Tony Durrant purchased 30,000 shares of Ashtead Technology stock in a transaction dated Friday, January 2nd. The stock was bought at an average price of GBX 306 per share, with a total value of £91,800. 3.28% of the stock is owned by corporate 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.