Ashtead Technology Holdings Plc (LON:AT) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Ashtead Technology Holdings Plc (LON:AT) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 587.50.

A number of research firms have recently weighed in on AT. Canaccord Genuity Group cut their target price on Ashtead Technology from GBX 600 to GBX 500 and set a “buy” rating for the company in a research report on Thursday, September 17th. Royal Bank Of Canada downgraded shares of Ashtead Technology to a “sector perform” rating and reduced their price objective for the stock from GBX 560 to GBX 400 in a research note on Thursday, September 3rd. Deutsche Bank reiterated a “buy” rating and set a GBX 650 price objective on shares of Ashtead Technology in a research note on Wednesday, September 2nd. Finally, Berenberg Bank cut 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, August 21st.

Ashtead Technology Stock Performance

Shares of LON AT opened at GBX 608 on Friday. The company has a debt-to-equity ratio of 73.72, a current ratio of 2.21 and a quick ratio of 1.46. The stock’s fifty day moving average price is GBX 501.92 and its two-hundred day moving average price is GBX 450.34. Ashtead Technology has a one year low of GBX 426 and a one year high of GBX 893. The firm has a market cap of £482.19 million, a price-to-earnings ratio of 19.63 and a beta of 0.41.

Ashtead Technology (LON:AT) last issued its quarterly earnings data on Tuesday, September 1st. The company reported GBX 20.60 earnings per share for the quarter. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%. On average, equities analysts forecast that Ashtead Technology will post 42.82 EPS for the current year.

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. 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.