Ashtead Technology (LON:AT) Shares Down 4.9% – Here’s Why

Posted by Brenda Bartman on Aug 7th, 2026

Ashtead Technology Holdings Plc (LON:AT – Get Free Report)’s share price dropped 4.9% during trading on Thursday . The stock traded as low as GBX 412 and last traded at GBX 422.50. Approximately 347,681 shares were traded during mid-day trading, The stock had previously closed at GBX 444.50.

Wall Street Analysts Forecast Growth

AT has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 560 price objective on shares of Ashtead Technology in a research note on Thursday, July 16th. Berenberg Bank restated a “buy” rating and set a GBX 700 target price on shares of Ashtead Technology in a report on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 646.25.

Check Out Our Latest Research Report on AT

Ashtead Technology Price Performance

The company has a current ratio of 2.25, a quick ratio of 1.46 and a debt-to-equity ratio of 78.29. The firm has a market cap of £333.09 million, a price-to-earnings ratio of 13.56 and a beta of 0.41. The stock has a 50-day moving average of GBX 429.86 and a two-hundred day moving average of GBX 437.69.

Insider Activity at Ashtead Technology

In other news, insider Jean Cahuzac bought 9,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average cost of GBX 423 per share, with a total value of £40,185. 3.28% of the stock is currently owned by insiders.

Ashtead Technology Company Profile

(Get Free Report)

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.