Ashtead Technology’s (AT) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Ashtead Technology (LON:AT) in a research note published on Wednesday morning,Digital Look reports. The firm currently has a GBX 650 price objective on the stock.

Several other brokerages have also weighed in on AT. Berenberg Bank cut their target price on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating on the stock in a research report on Friday, August 21st. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 560 price target on shares of Ashtead Technology in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 605.

Ashtead Technology Price Performance

Ashtead Technology stock opened at GBX 338.50 on Wednesday. Ashtead Technology has a 1 year low of GBX 426 and a 1 year high of GBX 893. The firm has a 50 day moving average price of GBX 405.55 and a 200 day moving average price of GBX 433.42. The company has a market cap of £268.45 million, a price-to-earnings ratio of 10.93 and a beta of 0.41. The company has a debt-to-equity ratio of 73.72, a quick ratio of 1.46 and a current ratio of 2.21.

Ashtead Technology (LON:AT) last posted its quarterly 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%. Sell-side analysts predict that Ashtead Technology will post 42.8247734 earnings per share for the current 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.