Stifel Nicolaus Reiterates “Buy” Rating for Ashtead Technology (LON:AT)

Ashtead Technology (LON:AT)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 600 target price on the stock. Stifel Nicolaus’ target price indicates a potential upside of 51.52% from the stock’s previous close.

Several other research firms also recently issued reports on AT. Berenberg Bank restated a “buy” rating and issued a GBX 700 price objective on shares of Ashtead Technology in a research note on Monday, January 19th. Peel Hunt reiterated a “buy” rating and set a GBX 725 target price on shares of Ashtead Technology in a research report on Thursday, November 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 637.

Ashtead Technology Stock Performance

LON:AT opened at GBX 398.50 on Thursday. The company has a fifty day moving average of GBX 406.12 and a two-hundred day moving average of GBX 361.35. Ashtead Technology has a fifty-two week low of GBX 426 and a fifty-two week high of GBX 893. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25. The stock has a market capitalization of £316.04 million, a PE ratio of 12.86 and a beta of 0.34.

Ashtead Technology (LON:AT) last posted its earnings results on Tuesday, March 17th. The company reported GBX 49.40 EPS for the quarter. Ashtead Technology had a net margin of 15.85% and a return on equity of 21.84%. As a group, research analysts forecast that Ashtead Technology will post 42.8247734 earnings per share for the current fiscal year.

Insider Buying and Selling at Ashtead Technology

In other news, insider Tony Durrant acquired 30,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average cost of GBX 306 per share, for a total transaction of £91,800. 3.28% of the stock is currently owned by corporate insiders.

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.