Ashtead Technology (LON:AT) Price Target Cut to GBX 650 by Analysts at Deutsche Bank Aktiengesellschaft

Ashtead Technology (LON:AT) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 720 to GBX 650 in a report released on Thursday,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on AT. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 560 price target on shares of Ashtead Technology in a research note on Thursday, July 16th. Berenberg Bank decreased their price target on shares of Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating for the company in a report on Friday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 637.

Ashtead Technology Price Performance

LON AT opened at GBX 358 on Thursday. The company has a market capitalization of £283.92 million, a price-to-earnings ratio of 11.56 and a beta of 0.41. 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 stock has a 50-day moving average of GBX 429.28 and a 200 day moving average of GBX 439.64. Ashtead Technology has a one year low of GBX 426 and a one year high of GBX 893.

Insider Buying and Selling

In other Ashtead Technology news, insider Jean Cahuzac purchased 9,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of GBX 423 per share, for a total transaction of £40,185. 3.28% of the stock is currently owned by company insiders.

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.