Ashtead Technology (LON:AT) PT Raised to GBX 775

Ashtead Technology (LON:AT) had its price objective increased by research analysts at Berenberg Bank from GBX 700 ($8.71) to GBX 775 ($9.65) in a report released on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 12.81% from the company’s current price.

Ashtead Technology Stock Down 9.4 %

Shares of AT opened at GBX 687 ($8.55) on Tuesday. The stock has a market capitalization of £549.26 million, a PE ratio of 3,271.43 and a beta of 0.32. Ashtead Technology has a 1 year low of GBX 310 ($3.86) and a 1 year high of GBX 791 ($9.85). The company has a debt-to-equity ratio of 38.53, a quick ratio of 1.46 and a current ratio of 1.56. The company’s 50-day simple moving average is GBX 724.26 and its 200-day simple moving average is GBX 606.44.

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. It 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; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.