Berenberg Bank Increases Ashtead Technology (LON:AT) Price Target to GBX 800

Ashtead Technology (LON:AT) had its price target boosted by investment analysts at Berenberg Bank from GBX 775 ($10.06) to GBX 800 ($10.39) in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 35.82% from the company’s current price.

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

Ashtead Technology Stock Up 8.5 %

Shares of LON AT opened at GBX 589 ($7.65) on Thursday. The company has a market capitalization of £472.97 million, a P/E ratio of 1,963.33 and a beta of 0.28. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46. The company has a 50 day simple moving average of GBX 656.98 and a 200-day simple moving average of GBX 746.51. Ashtead Technology has a 1 year low of GBX 426 ($5.53) and a 1 year 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.