Ashtead Technology’s (AT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Ashtead Technology (LON:AT) in a report released on Thursday morning, MarketBeat reports. They currently have a GBX 700 price objective on the stock.

A number of other equities research analysts also recently weighed in on AT. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 560 price target on shares of Ashtead Technology in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a GBX 600 target price 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 data from MarketBeat.com, Ashtead Technology currently has an average rating of “Buy” and a consensus target price of GBX 637.

Ashtead Technology Stock Performance

LON AT opened at GBX 426 on Thursday. The firm has a 50-day moving average price of GBX 449.01 and a two-hundred day moving average price of 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 market capitalization of £337.85 million, a P/E ratio of 13.75 and a beta of 0.41. The company has a quick ratio of 1.46, a current ratio of 2.25 and a debt-to-equity ratio of 78.29.

Insider Activity at Ashtead Technology

In other news, insider Jean Cahuzac bought 9,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of GBX 423 per share, for a total transaction of £40,185. 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.