Ashtead Technology Holdings Plc (LON:AT) Stock Rated “Moderate Buy” by Wall Street Analysts

Ashtead Technology Holdings Plc (LON:AT) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 587.50.

Several research analysts have recently issued reports on AT shares. Canaccord Genuity Group lowered their price objective on Ashtead Technology from GBX 600 to GBX 500 and set a “buy” rating for the company in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 650 target price on shares of Ashtead Technology in a research report on Wednesday, September 2nd. Royal Bank Of Canada downgraded Ashtead Technology to a “sector perform” rating and dropped their price target for the stock from GBX 560 to GBX 400 in a research note on Thursday, September 3rd. Finally, Berenberg Bank lowered their target price on shares of Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating on the stock in a research report on Friday, August 21st.

Ashtead Technology Trading Down 1.3%

LON AT opened at GBX 519 on Monday. Ashtead Technology has a 52 week low of GBX 426 and a 52 week high of GBX 893. The firm has a 50 day moving average of GBX 423.02 and a two-hundred day moving average of GBX 440.87. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 73.72. The stock has a market capitalization of £411.60 million, a PE ratio of 16.76 and a beta of 0.41.

Ashtead Technology (LON:AT) last announced its quarterly earnings data on Tuesday, September 1st. The company reported GBX 20.60 earnings per share for the quarter. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%. As a group, research analysts expect that Ashtead Technology will post 42.82 EPS for the current fiscal year.

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. It also provides mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and diver tooling, intervention skids, topside support, recovery tools, ancillary deck equipment, and fabrication solutions.