Ashtead Technology (LON:AT) Stock Price Up 2.1% - Time to Buy?

Key Points

• Ashtead Technology shares increased by 2.1% on Monday, reaching a last trade price of GBX 344 ($4.63).
• Analysts have set various target prices for Ashtead Technology, with Peel Hunt maintaining a "buy" rating and a target of GBX 725, while Canaccord Genuity lowered theirs from GBX 825 to GBX 600.
• The company has a debt-to-equity ratio of 70.83 and a market cap of £272.82 million, indicating its financial structure and size in the market.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) shares rose 2.1% on Monday . The company traded as high as GBX 346.50 ($4.66) and last traded at GBX 344 ($4.63). Approximately 1,349,821 shares were traded during trading, The stock had previously closed at GBX 337 ($4.53).

Analysts Set New Price Targets

AT has been the subject of a number of research reports. Peel Hunt reiterated a "buy" rating and set a GBX 725 target price on shares of Ashtead Technology in a research note on Friday, August 1st. Canaccord Genuity Group decreased their target price on shares of Ashtead Technology from GBX 825 to GBX 600 and set a "buy" rating for the company in a research note 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 for the company in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 721.25.

Ashtead Technology Trading Up 2.1%

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's fifty day moving average is GBX 385.36 and its 200 day moving average is GBX 453.56. The stock has a market cap of £272.82 million, a P/E ratio of 11.11 and a beta of 0.28.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.