Berenberg Bank Reaffirms “Buy” Rating for Ashtead Technology (LON:AT)

Ashtead Technology (LON:AT)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 700 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 64.32% from the stock’s previous close.

AT has been the subject of several other research reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 560 price target on shares of Ashtead Technology in a research report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of Ashtead Technology in a research report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 637.

Ashtead Technology Trading Up 0.1%

Shares of Ashtead Technology stock opened at GBX 426 on Thursday. The firm has a market cap of £337.85 million, a PE ratio of 13.75 and a beta of 0.41. Ashtead Technology has a 1 year low of GBX 426 and a 1 year high of GBX 893. The company has a debt-to-equity ratio of 78.29, a current ratio of 2.25 and a quick ratio of 1.46. The stock has a fifty day moving average price of GBX 449.01 and a 200-day moving average price of GBX 425.96.

Insiders Place Their Bets

In other news, insider Jean Cahuzac acquired 9,500 shares of Ashtead Technology stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of GBX 423 per share, with a total value of £40,185. 3.28% of the stock is owned by 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. 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.