Ashtead Technology (LON:AT) Earns “Buy” Rating from Berenberg Bank

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

A number of other equities research analysts have also recently weighed in on AT. Stifel Nicolaus restated a “buy” rating and set a GBX 600 price objective on shares of Ashtead Technology in a research note on Thursday, March 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 560 target price on shares of Ashtead Technology in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ashtead Technology presently has an average rating of “Buy” and a consensus price target of GBX 637.

Ashtead Technology Stock Up 4.3%

Shares of LON AT opened at GBX 427.50 on Thursday. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893. The stock’s fifty day simple moving average is GBX 450.96 and its two-hundred day simple moving average is GBX 425.16. The stock has a market capitalization of £339.04 million, a PE ratio of 13.80 and a beta of 0.41. The company has a current ratio of 2.25, a quick ratio of 1.46 and a debt-to-equity ratio of 78.29.

Insider Activity at Ashtead Technology

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

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.