Ashtead Technology (LON:AT) Trading Down 2% – Time to Sell?

Ashtead Technology Holdings Plc (LON:AT)’s stock price dropped 2% during mid-day trading on Thursday . The company traded as low as GBX 335.50 and last traded at GBX 335.50. Approximately 110,689 shares were traded during mid-day trading, The stock had previously closed at GBX 342.50.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AT. Berenberg Bank restated a “buy” rating and issued a GBX 700 target price on shares of Ashtead Technology in a research note on Monday, September 8th. Peel Hunt restated a “buy” rating and issued a GBX 725 price objective on shares of Ashtead Technology in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 560 price objective on shares of Ashtead Technology in a report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 646.25.

Ashtead Technology Price Performance

The firm has a market cap of £265.68 million, a PE ratio of 10.81 and a beta of 0.28. The company has a 50 day moving average price of GBX 335.67 and a 200 day moving average price of GBX 369.02. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83.

About Ashtead Technology

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.