Ashtead Technology's (AT) Buy Rating Reiterated at Peel Hunt

Key Points

• Ashtead Technology's stock has received a "buy" rating from Peel Hunt, with a price target of GBX 725 ($9.63), suggesting a potential upside of 112.61%.
• Other analysts, including Canaccord Genuity and Berenberg Bank, have also set "buy" ratings but with lower price targets of GBX 600 ($7.97) and GBX 700 ($9.29), respectively.
• The stock was up 1.5% recently, opening at GBX 341 ($4.53), well below its one-year high of GBX 893 ($11.86).

Peel Hunt reiterated their buy rating on shares of Ashtead Technology (LON:AT - Free Report) in a research note released on Friday, August 1st, MarketBeat.com reports. Peel Hunt currently has a GBX 725 ($9.75) target price on the stock.

Several other brokerages also recently commented on AT. Canaccord Genuity Group reduced their target price on Ashtead Technology from GBX 825 ($11.09) to GBX 600 ($8.07) and set a "buy" rating for the company in a research note on Friday, July 25th. Berenberg Bank dropped their price objective on Ashtead Technology from GBX 800 ($10.76) to GBX 700 ($9.41) and set a "buy" rating for the company in a report on Thursday, July 17th.

Ashtead Technology Stock Down 0.3%

AT stock traded down GBX 1 ($0.01) during mid-day trading on Friday, reaching GBX 352 ($4.73). The company had a trading volume of 385,131 shares. 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 stock has a 50 day simple moving average of GBX 409.64 and a two-hundred day simple moving average of GBX 471.75. The company has a market capitalization of £279.16 million, a price-to-earnings ratio of 11.36 and a beta of 0.28. Ashtead Technology has a 52 week low of GBX 426 ($5.73) and a 52 week high of GBX 893 ($12.01).

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.