Ashtead Technology Holdings Plc (LON:AT) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Ashtead Technology Holdings Plc (LON:AT) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 587.50.

AT has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price objective on shares of Ashtead Technology from GBX 600 to GBX 500 and set a “buy” rating for the company in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 650 price target on shares of Ashtead Technology in a research report on Wednesday, September 2nd. Berenberg Bank cut their price objective on shares of Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating on the stock in a research report on Friday, August 21st. Finally, Royal Bank Of Canada lowered Ashtead Technology to a “sector perform” rating and decreased their price target for the stock from GBX 560 to GBX 400 in a research note on Thursday, September 3rd.

Ashtead Technology Stock Performance

Shares of LON AT opened at GBX 519 on Monday. The stock has a market cap of £411.60 million, a PE ratio of 16.76 and a beta of 0.41. Ashtead Technology has a 1 year low of GBX 426 and a 1 year high of GBX 893. The firm has a fifty day moving average price of GBX 423.02 and a 200-day moving average price of GBX 440.64. 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) last issued its earnings results on Tuesday, September 1st. The company reported GBX 20.60 earnings per share for the quarter. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%. Equities analysts anticipate that Ashtead Technology will post 42.82 earnings per share for the current fiscal year.

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.