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

Ashtead Technology (LON:AT) had its price target hoisted by analysts at Berenberg Bank from GBX 700 ($8.71) to GBX 775 ($9.65) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 12.81% from the stock’s previous close.

Ashtead Technology Stock Down 9.4 %

AT opened at GBX 687 ($8.55) on Tuesday. The company has a debt-to-equity ratio of 38.53, a current ratio of 1.56 and a quick ratio of 1.46. The company’s 50-day moving average is GBX 724.92 and its 200 day moving average is GBX 607. Ashtead Technology has a fifty-two week low of GBX 310 ($3.86) and a fifty-two week high of GBX 791 ($9.85). The firm has a market capitalization of £549.26 million, a P/E ratio of 3,271.43 and a beta of 0.32.

Insider Buying and Selling

In related news, insider William(Bill) Mervyn FrewCarey Shannon acquired 3,015 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of GBX 660 ($8.22) per share, for a total transaction of £19,899 ($24,771.57). 2.96% of the stock is currently owned by corporate insiders.

Ashtead Technology Company Profile

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.