Ashtead Technology (LON:AT) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Ashtead Technology (LON:AT) was upgraded by Deutsche Bank Aktiengesellschaft to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a GBX 860 ($11.31) price objective on the stock, up from their prior price objective of GBX 835 ($10.98). Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 33.33% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 775 ($10.19) price objective on shares of Ashtead Technology in a research note on Monday.

Ashtead Technology Stock Down 0.8 %

Shares of AT opened at GBX 645 ($8.48) on Tuesday. Ashtead Technology has a 12 month low of GBX 401.75 ($5.28) and a 12 month high of GBX 893 ($11.74). The stock has a market cap of £514.32 million, a price-to-earnings ratio of 2,407.41 and a beta of 0.34. The company has a 50-day moving average price of GBX 802.10 and a two-hundred day moving average price of GBX 772.48. The company has a quick ratio of 1.46, a current ratio of 1.33 and a debt-to-equity ratio of 74.30.

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.