Ashtead Technology (LON:AT) Releases Earnings Results

Ashtead Technology (LON:AT) posted its quarterly earnings results on Tuesday. The company reported GBX 20.60 earnings per share 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 Down 3.6%

Ashtead Technology stock opened at GBX 333 on Wednesday. Ashtead Technology has a one year low of GBX 426 and a one year high of GBX 893. The stock has a market cap of £264.09 million, a PE ratio of 10.75 and a beta of 0.41. The stock has a fifty day moving average of GBX 412.58 and a 200 day moving average of 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.

Analyst Ratings Changes

A number of research analysts recently issued reports on AT shares. Berenberg Bank decreased their price objective 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 reaffirmed an “outperform” rating and issued a GBX 560 price objective on shares of Ashtead Technology in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 650 price objective on shares of Ashtead Technology in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.