Ashtead Technology (LON:AT) Shares Up 5% – Should You Buy?

Ashtead Technology Holdings Plc (LON:AT)’s stock price traded up 5% during trading on Thursday . The company traded as high as GBX 591 ($7.73) and last traded at GBX 591 ($7.73). 151,564 shares changed hands during mid-day trading, The stock had previously closed at GBX 563 ($7.37).

Wall Street Analysts Forecast Growth

AT has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 775 ($10.14) price objective on shares of Ashtead Technology in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Ashtead Technology to a “buy” rating and raised their price target for the stock from GBX 835 ($10.93) to GBX 860 ($11.26) in a research report on Tuesday, September 3rd.

Ashtead Technology Trading Up 5.0 %

The firm has a market capitalization of £474.57 million, a P/E ratio of 1,970.00 and a beta of 0.28. The business’s 50 day moving average is GBX 715.56 and its two-hundred day moving average is GBX 758.54. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83.

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. It 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; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.