Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Ashtead Technology (LON:AT)

Ashtead Technology (LON:AT)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 650 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 88.13% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 560 target price on shares of Ashtead Technology in a report on Thursday, July 16th. Berenberg Bank cut their price target on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating on the stock in a research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 637.

Ashtead Technology Stock Performance

Shares of AT stock opened at GBX 345.50 on Wednesday. The company’s fifty day moving average price is GBX 412.58 and its 200-day moving average price is GBX 435.50. The stock has a market cap of £274.01 million, a PE ratio of 11.15 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. Ashtead Technology has a 12 month low of GBX 426 and a 12 month high of GBX 893.

Ashtead Technology (LON:AT) last issued its quarterly earnings results on Tuesday, September 1st. The company reported GBX 20.60 earnings per share (EPS) for the quarter. Ashtead Technology had a net margin of 15.85% and a return on equity of 21.84%. On average, equities analysts expect that Ashtead Technology will post 42.8247734 EPS for the current fiscal 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.