Ashtead Technology Holdings Plc (LON:AT) Given Consensus Rating of “Moderate Buy” by Brokerages

Ashtead Technology Holdings Plc (LON:AT) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 587.50.

Several equities research analysts have recently weighed in on AT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 650 price target on shares of Ashtead Technology in a research report on Wednesday, September 2nd. Berenberg Bank cut their price objective on shares of Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating on the stock in a report on Friday, August 21st. Canaccord Genuity Group reduced their price objective on shares of Ashtead Technology from GBX 600 to GBX 500 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada lowered Ashtead Technology to a “sector perform” rating and lowered their target price for the stock from GBX 560 to GBX 400 in a report on Thursday, September 3rd.

Ashtead Technology Stock Up 3.2%

LON:AT opened at GBX 339 on Thursday. Ashtead Technology has a 1-year low of GBX 426 and a 1-year high of GBX 893. The company has a 50-day moving average of GBX 393.88 and a 200 day moving average of GBX 428.25. The firm has a market cap of £268.85 million, a PE ratio of 10.94 and a beta of 0.41. The company has a debt-to-equity ratio of 73.72, a current ratio of 2.21 and a quick ratio of 1.46.

Ashtead Technology (LON:AT) last posted its earnings results on Tuesday, September 1st. The company reported GBX 20.60 EPS for the quarter. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%. As a group, research analysts anticipate that Ashtead Technology will post 42.8247734 EPS for the current fiscal year.

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.