Shares of Ashtead Technology Holdings Plc (LON:AT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 587.50.
A number of brokerages have recently issued reports on AT. Canaccord Genuity Group reduced their price objective on Ashtead Technology from GBX 600 to GBX 500 and set a “buy” rating for the company in a report on Thursday, September 17th. Berenberg Bank lowered their target price 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 price target on shares of Ashtead Technology in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada downgraded Ashtead Technology to a “sector perform” rating and reduced their price target for the company from GBX 560 to GBX 400 in a research note on Thursday, September 3rd.
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Ashtead Technology Price Performance
Shares of AT opened at GBX 606 on Friday. The firm has a market capitalization of £480.60 million, a PE ratio of 19.56 and a beta of 0.41. The company’s 50-day moving average is GBX 491.19 and its 200-day moving average is GBX 448.45. Ashtead Technology has a fifty-two week low of GBX 426 and a fifty-two week high of GBX 893. The company has a debt-to-equity ratio of 73.72, a current ratio of 2.21 and a quick ratio of 1.46.
Ashtead Technology (LON:AT – Get Free Report) last posted its 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 15.56% and a return on equity of 19.41%. Equities analysts forecast that Ashtead Technology will post 42.82 EPS for the current 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.
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