Ashtead Technology (LON:AT – Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 20.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ashtead Technology had a return on equity of 21.84% and a net margin of 15.85%.
Ashtead Technology Stock Performance
Ashtead Technology stock traded down GBX 12.50 during mid-day trading on Wednesday, reaching GBX 333. The company’s stock had a trading volume of 825,652 shares. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893. The firm’s fifty day moving average price is GBX 412.58 and its two-hundred day moving average price is GBX 435.50. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25. The company has a market capitalization of £264.09 million, a P/E ratio of 10.75 and a beta of 0.41.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Berenberg Bank decreased their price target on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating for the company in a report on Friday, August 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 560 price objective on shares of Ashtead Technology in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 price target on shares of Ashtead Technology in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 637.
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.
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