Ashtead Technology (LON:AT) PT Raised to GBX 775

Ashtead Technology (LON:AT) had its price objective boosted by equities research analysts at Berenberg Bank from GBX 700 ($8.71) to GBX 775 ($9.65) in a research note issued on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 12.81% from the company’s previous close.

Ashtead Technology Price Performance

Shares of LON AT opened at GBX 687 ($8.55) on Tuesday. The firm’s 50-day moving average price is GBX 724.26 and its 200-day moving average price is GBX 606.44. Ashtead Technology has a 1-year low of GBX 310 ($3.86) and a 1-year high of GBX 791 ($9.85). The firm has a market capitalization of £549.26 million, a P/E ratio of 3,271.43 and a beta of 0.32. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 38.53.

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. It 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; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.