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

Ashtead Technology (LON:AT)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 700 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 63.74% from the stock’s previous close.

Other analysts also recently issued reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 560 target price on shares of Ashtead Technology in a research report on Thursday. Stifel Nicolaus restated a “buy” rating and issued a GBX 600 price target on shares of Ashtead Technology in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 637.

Ashtead Technology Price Performance

Shares of AT stock opened at GBX 427.50 on Thursday. The stock has a 50 day moving average price of GBX 450.96 and a 200 day moving average price of GBX 425.16. Ashtead Technology has a 52-week low of GBX 426 and a 52-week high of GBX 893. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25. The firm has a market capitalization of £339.04 million, a P/E ratio of 13.80 and a beta of 0.41.

Insider Buying and Selling at Ashtead Technology

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

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. 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.