Ashtead Technology (LON:AT) Releases Quarterly Earnings Results

Ashtead Technology (LON:ATGet Free Report) issued its 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

Shares of LON:AT opened at GBX 333 on Wednesday. The company has a market cap of £264.09 million, a P/E ratio of 10.75 and a beta of 0.41. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25. Ashtead Technology has a one year low of GBX 426 and a one year high of GBX 893. The business’s 50-day simple moving average is GBX 412.58 and its 200 day simple moving average is GBX 435.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AT shares. Berenberg Bank decreased their price objective on shares of Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating for the company in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 target price on shares of Ashtead Technology in a research note on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 560 target price on shares of Ashtead Technology in a report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 637.

View Our Latest Analysis on AT

About Ashtead Technology

(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.

Further Reading

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