Ashtead Technology (LON:AT) Stock Price Up 2.6% – What’s Next?

Ashtead Technology Holdings Plc (LON:AT)’s share price shot up 2.6% on Friday . The company traded as high as GBX 311.50 and last traded at GBX 310. 356,316 shares changed hands during mid-day trading, The stock had previously closed at GBX 302.

Analysts Set New Price Targets

AT has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 700 target price on shares of Ashtead Technology in a research note on Monday, September 8th. Peel Hunt restated a “buy” rating and set a GBX 725 price target on shares of Ashtead Technology in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 646.25.

Ashtead Technology Stock Performance

The firm’s 50 day moving average price is GBX 325.41 and its 200-day moving average price is GBX 355.74. The firm has a market cap of £239.90 million, a price-to-earnings ratio of 9.77 and a beta of 0.28. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46.

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.