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

Ashtead Technology (LON:AT - Get Free Report) had its price target boosted by analysts at Berenberg Bank from GBX 775 ($10.06) to GBX 800 ($10.39) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 35.82% from the stock's current price.

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

Ashtead Technology Price Performance

Ashtead Technology stock traded up GBX 46 ($0.60) during midday trading on Thursday, reaching GBX 589 ($7.65). The company's stock had a trading volume of 521,585 shares. The stock has a market cap of £472.97 million, a PE ratio of 1,963.33 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. The business has a 50-day moving average price of GBX 656.98 and a 200-day moving average price of GBX 746.51. Ashtead Technology has a 52 week low of GBX 426 ($5.53) and a 52 week high of GBX 893 ($11.59).

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.