Ashtead Technology (LON:AT) Insider William(Bill) Mervyn FrewCarey Shannon Acquires 30,000 Shares

Key Points

• William (Bill) Mervyn FrewCarey Shannon, an insider at Ashtead Technology, has acquired 30,000 shares at an average cost of GBX 385 per share, totaling £115,500.
• Ashtead Technology reported GBX 21.90 earnings per share for the quarter, with an anticipated average EPS of 42.82 for the current fiscal year.
• Analysts have a generally positive outlook, with a majority giving the stock a "Buy" rating and an average price target of GBX 721.25, despite some adjustments in predictions.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider William(Bill) Mervyn FrewCarey Shannon purchased 30,000 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were bought at an average cost of GBX 385 per share, with a total value of £115,500.

Ashtead Technology Stock Performance

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 stock has a fifty day moving average of GBX 383.26 and a two-hundred day moving average of GBX 452.80. The company 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.

Ashtead Technology (LON:AT - Get Free Report) last released its quarterly 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%. On average, analysts anticipate that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Berenberg Bank dropped their price target on Ashtead Technology from GBX 800 to GBX 700 and set a "buy" rating for the company in a research report on Thursday, July 17th. Peel Hunt reissued a "buy" rating and set a GBX 725 price target on shares of Ashtead Technology in a research report on Friday, August 1st. Finally, Canaccord Genuity Group decreased 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, 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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