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Ashtead Technology (LON:AT) Trading 0.6% Higher - Should You Buy?

Ashtead Technology logo with Energy background

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) shares were up 0.6% during mid-day trading on Friday . The stock traded as high as GBX 523 ($6.59) and last traded at GBX 503 ($6.34). Approximately 221,971 shares changed hands during trading, The stock had previously closed at GBX 500 ($6.30).

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Berenberg Bank increased their price target on shares of Ashtead Technology from GBX 775 ($9.77) to GBX 800 ($10.08) and gave the stock a "buy" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised Ashtead Technology to a "buy" rating and raised their target price for the company from GBX 835 ($10.52) to GBX 860 ($10.84) in a report on Tuesday, September 3rd.

Check Out Our Latest Report on Ashtead Technology

Ashtead Technology Stock Performance

The company's 50-day simple moving average is GBX 579.36 and its 200-day simple moving average is GBX 721.39. The stock has a market capitalization of £401.50 million, a price-to-earnings ratio of 1,666.67 and a beta of 0.28. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83.

About Ashtead Technology

(Get Free Report)

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.

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