Ashtead Technology (LON:AT) Insider Kristin Færøvik Purchases 4,716 Shares

Key Points

• Kristin Færøvik, an insider at Ashtead Technology, purchased 4,716 shares at an average price of GBX 359, totaling £16,930.44.
• Ashtead Technology's stock saw an increase of 2.1%, with a current market capitalization of £272.82 million and a price-to-earnings ratio of 11.11.
• Analysts have set a consensus target price of GBX 721.25 for Ashtead Technology, with several firms maintaining a "buy" rating despite recent target price adjustments.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider Kristin Færøvik bought 4,716 shares of the stock in a transaction on Tuesday, August 26th. The stock was purchased at an average cost of GBX 359 per share, for a total transaction of £16,930.44.

Ashtead Technology Stock Up 2.1%

Ashtead Technology stock opened at GBX 344 on Wednesday. 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 £272.82 million, a price-to-earnings ratio of 11.11 and a beta of 0.28. Ashtead Technology Holdings Plc has a fifty-two week low of GBX 426 and a fifty-two week high of GBX 893. The stock's fifty day moving average is GBX 383.26 and its two-hundred day moving average is GBX 452.80.

Ashtead Technology (LON:AT - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported GBX 21.90 earnings per share for the quarter. Ashtead Technology had a return on equity of 23.56% and a net margin of 17.37%. Analysts predict that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Canaccord Genuity Group lowered their target price on Ashtead Technology from GBX 825 to GBX 600 and set a "buy" rating on the stock in a report on Friday, July 25th. Peel Hunt reissued a "buy" rating and issued a GBX 725 target price on shares of Ashtead Technology in a report on Friday, August 1st. Finally, Berenberg Bank lowered their target price on Ashtead Technology from GBX 800 to GBX 700 and set a "buy" rating on the stock in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ashtead Technology presently has a consensus rating of "Buy" and a consensus target price of GBX 721.25.

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.

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