Insider Buying: Ashtead Technology (LON:AT) Insider Buys £91,800 in Stock

Ashtead Technology Holdings Plc (LON:AT) insider Tony Durrant purchased 30,000 shares of Ashtead Technology stock in a transaction on Friday, January 2nd. The stock was bought at an average cost of GBX 306 per share, with a total value of £91,800.

Ashtead Technology Stock Performance

Shares of LON AT opened at GBX 315 on Thursday. The business’s 50-day simple moving average is GBX 323.72 and its 200-day simple moving average is GBX 352.62. The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82. Ashtead Technology Holdings Plc has a 52 week low of GBX 426 and a 52 week high of GBX 893. The firm has a market cap of £249.82 million, a price-to-earnings ratio of 10.17 and a beta of 0.28.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 725 target price on shares of Ashtead Technology in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 646.25.

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.