Ashtead Technology (LON:AT) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Ashtead Technology (LON:AT) in a research note published on Monday, MarketBeat reports. They currently have a GBX 700 target price on the stock.

Separately, Peel Hunt restated a “buy” rating and set a GBX 725 price target on shares of Ashtead Technology in a research note on Thursday, November 20th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ashtead Technology presently has a consensus rating of “Buy” and an average target price of GBX 646.25.

Ashtead Technology Trading Up 14.2%

Shares of AT stock opened at GBX 382.50 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893. The stock has a market capitalization of £303.35 million, a P/E ratio of 12.35 and a beta of 0.28. The firm’s 50 day moving average is GBX 324.97 and its 200 day moving average is GBX 346.17.

Insiders Place Their Bets

In related news, insider Tony Durrant bought 30,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average cost of GBX 306 per share, for a total transaction of £91,800. Company insiders own 3.28% of the company’s stock.

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.