Ashtead Technology (LON:AT) Trading 1% Higher - Still a Buy?

Key Points

• Ashtead Technology's stock traded up about 1% to GBX 476 on the day and is trading above both its 50‑day (GBX 436.84) and 200‑day (GBX 379.56) moving averages, suggesting short‑ and medium‑term upward momentum.
• Analysts are broadly positive: five firms rate the stock Buy with a consensus price target of GBX 637, including recent targets of GBX 600 (Stifel Nicolaus) and GBX 700 (Berenberg).
• Fundamentals show recent quarterly EPS of GBX 49.40, a return on equity of 21.84% and a net margin of 15.85%; valuation metrics include a P/E of 14.99 and a market cap of about £368.2 million.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report)'s stock price traded up 1% on Friday . The stock traded as high as GBX 478.80 and last traded at GBX 476. 164,262 shares were traded during trading, The stock had previously closed at GBX 471.30.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus restated a "buy" rating and set a GBX 600 target price on shares of Ashtead Technology in a research note on Thursday, March 19th. Berenberg Bank restated a "buy" rating and set a GBX 700 target price on shares of Ashtead Technology in a research note on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 637.

Ashtead Technology Price Performance

The stock has a 50-day simple moving average of GBX 436.84 and a 200 day simple moving average of GBX 379.56. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25. The company has a market cap of £368.22 million, a P/E ratio of 14.99 and a beta of 0.38.

Ashtead Technology (LON:AT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 49.40 EPS for the quarter. Ashtead Technology had a return on equity of 21.84% and a net margin of 15.85%. On average, equities analysts expect that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current year.

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. It also provides mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and diver tooling, intervention skids, topside support, recovery tools, ancillary deck equipment, and fabrication solutions.

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