Ashtead Technology Holdings Plc (LON:AT) Stock Has Consensus Price Target of GBX 587.50

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 investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 587.50.

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

Ashtead Technology Stock Up 0.8%

AT stock opened at GBX 534 on Monday. 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 has a market capitalization of £423.50 million, a P/E ratio of 17.24 and a beta of 0.41. The business has a 50-day moving average of GBX 418.89 and a 200-day moving average of GBX 439.33. Ashtead Technology has a fifty-two week low of GBX 426 and a fifty-two week high of GBX 893.

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

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.