Ashtead Technology Holdings Plc (AT.L) – What Are Researchers Saying About This Stock?

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

Several research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price target on Ashtead Technology from GBX 600 to GBX 500 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Royal Bank Of Canada cut Ashtead Technology to a “sector perform” rating and decreased their price objective for the stock from GBX 560 to GBX 400 in a research note on Thursday, September 3rd. Berenberg Bank dropped their price objective on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating for the company in a report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 target price on shares of Ashtead Technology in a research note on Wednesday, September 2nd.

Ashtead Technology Price Performance

Shares of AT stock opened at GBX 607 on Friday. Ashtead Technology has a 52-week low of GBX 426 and a 52-week high of GBX 893. The stock has a market cap of £481.39 million, a PE ratio of 19.60 and a beta of 0.41. The company has a debt-to-equity ratio of 73.72, a quick ratio of 1.46 and a current ratio of 2.21. The firm’s 50 day moving average price is GBX 475.50 and its two-hundred day moving average price is GBX 445.30.

Ashtead Technology (LON:AT) last issued its earnings results on Tuesday, September 1st. The company reported GBX 20.60 EPS for the quarter. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%. As a group, 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.