Ashtead Technology (LON:AT) Given "Buy" Rating 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).

Ashtead Technology (LON:AT - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 725 ($9.63) price target on the stock. Peel Hunt's price objective would suggest a potential upside of 112.61% from the stock's current price.

AT has been the subject of a number of other research reports. Canaccord Genuity Group reduced their price objective on shares of Ashtead Technology from GBX 825 ($10.95) to GBX 600 ($7.97) and set a "buy" rating for the company in a research note on Friday, July 25th. Berenberg Bank reduced their price target on Ashtead Technology from GBX 800 ($10.62) to GBX 700 ($9.29) and set a "buy" rating on the stock in a research report on Thursday, July 17th.

Ashtead Technology Stock Up 1.5%

Shares of LON:AT opened at GBX 341 ($4.53) on Friday. Ashtead Technology has a 1 year low of GBX 426 ($5.66) and a 1 year high of GBX 893 ($11.86). The business has a 50 day simple moving average of GBX 417.43 and a two-hundred day simple moving average of GBX 476.68. The firm has a market capitalization of £270.44 million, a PE ratio of 11.01 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.

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.

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