Ashtead Technology (LON:AT) Insider Thomas Thomsen Purchases 2,910 Shares

Key Points

• Insider Thomas Thomsen purchased 2,910 shares of Ashtead Technology at an average price of GBX 369 per share, totaling approximately £10,737.90.
• Ashtead Technology's stock saw a 2.1% increase, with a current market capitalization of £272.82 million and a P/E ratio of 11.11.
• Multiple analysts have maintained a buy rating on the stock, with target prices ranging from GBX 600 to GBX 725, indicating positive market sentiment.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider Thomas Thomsen bought 2,910 shares of Ashtead Technology stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of GBX 369 per share, for a total transaction of £10,737.90.

Ashtead Technology Stock Up 2.1%

Shares of AT opened at GBX 344 on Wednesday. The company has a market capitalization of £272.82 million, a P/E ratio of 11.11 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 Holdings Plc has a one year low of GBX 426 and a one year high of GBX 893. The business's 50 day simple moving average is GBX 383.26 and its 200-day simple moving average is GBX 452.80.

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

Analyst Ratings Changes

Several research firms have issued reports on AT. Peel Hunt reaffirmed a "buy" rating and set a GBX 725 price objective on shares of Ashtead Technology in a report on Friday, August 1st. Canaccord Genuity Group reduced their price objective on Ashtead Technology from GBX 825 to GBX 600 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Berenberg Bank reduced their price objective 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ashtead Technology has an average rating of "Buy" and an average price target of GBX 721.25.

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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