Ashtead Technology (LON:AT) PT Raised to GBX 800

Ashtead Technology (LON:AT) had its price target increased by analysts at Berenberg Bank from GBX 775 ($10.06) to GBX 800 ($10.39) in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 35.82% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft raised Ashtead Technology to a “buy” rating and lifted their target price for the stock from GBX 835 ($10.84) to GBX 860 ($11.17) in a report on Tuesday, September 3rd.

Ashtead Technology Price Performance

Shares of AT stock opened at GBX 589 ($7.65) on Thursday. Ashtead Technology has a fifty-two week low of GBX 426 ($5.53) and a fifty-two week high of GBX 893 ($11.59). The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82. The firm has a market capitalization of £472.97 million, a price-to-earnings ratio of 1,963.33 and a beta of 0.28. The stock’s 50-day simple moving average is GBX 656.98 and its 200-day simple moving average is GBX 746.51.

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.