Tony Durrant Acquires 30,000 Shares of Ashtead Technology (LON:AT) Stock

Ashtead Technology Holdings Plc (LON:AT) insider Tony Durrant purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were acquired at an average cost of GBX 306 per share, for a total transaction of £91,800.

Ashtead Technology Stock Performance

Ashtead Technology stock opened at GBX 311 on Wednesday. The company’s 50-day moving average price is GBX 324.17 and its 200-day moving average price is GBX 352.88. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The company has a market cap of £246.64 million, a PE ratio of 10.04 and a beta of 0.28. Ashtead Technology Holdings Plc has a twelve month low of GBX 426 and a twelve month high of GBX 893.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and issued a GBX 725 price target on shares of Ashtead Technology in a report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 646.25.

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. 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.