Ashtead Technology Holdings Plc (LON:AT - Get Free Report)'s share price shot up 3.1% during mid-day trading on Wednesday . The stock traded as high as GBX 468 ($6.32) and last traded at GBX 467.50 ($6.32). 345,272 shares changed hands during trading, The stock had previously closed at GBX 453.50 ($6.13).
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 800 ($10.81) price target on shares of Ashtead Technology in a report on Wednesday, April 30th.
Read Our Latest Analysis on Ashtead Technology
Ashtead Technology Stock Down 4.5%
The firm has a market capitalization of £350.54 million, a PE ratio of 14.27 and a beta of 0.28. The stock has a 50-day simple moving average of GBX 483.51 and a 200-day simple moving average of GBX 516.62. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83.
Ashtead Technology (LON:AT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported GBX 45 ($0.61) earnings per share for the quarter. Ashtead Technology had a return on equity of 23.56% and a net margin of 17.37%. Analysts forecast that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current year.
Ashtead Technology Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 1st will be issued a dividend of GBX 1.20 ($0.02) per share. This is a boost from Ashtead Technology's previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 0.21%. Ashtead Technology's payout ratio is presently 3.23%.
About Ashtead Technology
(
Get Free Report)
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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