Ashtead Technology (LON:AT) Trading Up 0.6% – What’s Next?

Ashtead Technology Holdings Plc (LON:AT)’s share price shot up 0.6% on Friday . The company traded as high as GBX 523 ($6.59) and last traded at GBX 503 ($6.34). Approximately 221,971 shares traded hands during trading, The stock had previously closed at GBX 500 ($6.30).

Analyst Upgrades and Downgrades

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

Ashtead Technology Price Performance

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 £401.50 million, a P/E ratio of 1,676.67 and a beta of 0.28. The business has a fifty day moving average of GBX 584.60 and a 200-day moving average of GBX 722.69.

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.