Ashtead Technology’s (AT) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Ashtead Technology (LON:ATFree Report) in a research note released on Thursday,Digital Look reports. The brokerage currently has a GBX 560 price objective on the stock.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 600 target price on shares of Ashtead Technology in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ashtead Technology presently has an average rating of “Buy” and an average target price of GBX 637.

Read Our Latest Stock Report on Ashtead Technology

Ashtead Technology Price Performance

Shares of LON:AT opened at GBX 426 on Thursday. The firm has a market cap of £337.85 million, a price-to-earnings 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 current ratio of 2.25, a quick ratio of 1.46 and a debt-to-equity ratio of 78.29. The business has a fifty day simple moving average of GBX 449.01 and a 200 day simple moving average of GBX 425.96.

Insider Activity at Ashtead Technology

In other Ashtead Technology news, insider Jean Cahuzac purchased 9,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of GBX 423 per share, for a total transaction of £40,185. 3.28% of the stock is currently owned by company insiders.

About Ashtead Technology

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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.

Further Reading

Analyst Recommendations for Ashtead Technology (LON:AT)

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