Ashtead Technology (LON:AT) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Ashtead Technology (LON:AT) in a research report released on Thursday, Marketbeat reports. They currently have a GBX 700 target price on the stock.

A number of other research firms also recently issued reports on AT. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 560 price target on shares of Ashtead Technology in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 600 price objective on shares of Ashtead Technology in a research report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 637.

Ashtead Technology Trading Down 0.5%

LON AT opened at GBX 425.50 on Thursday. The firm’s 50-day moving average is GBX 449.89 and its two-hundred day moving average is GBX 425.96. Ashtead Technology has a 12 month low of GBX 426 and a 12 month high of GBX 893. The company has a debt-to-equity ratio of 78.29, a current ratio of 2.25 and a quick ratio of 1.46. The stock has a market capitalization of £337.45 million, a P/E ratio of 13.74 and a beta of 0.41.

Insider Activity

In other Ashtead Technology news, insider Jean Cahuzac acquired 9,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of GBX 423 per share, for a total transaction of £40,185. Corporate insiders own 3.28% of the company’s stock.

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.