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Berenberg Bank Issues Pessimistic Forecast for Ashtead Technology (LON:AT) Stock Price

Ashtead Technology logo with Energy background

Ashtead Technology (LON:AT - Free Report) had its price objective cut by Berenberg Bank from GBX 800 ($10.73) to GBX 700 ($9.39) in a research note published on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Ashtead Technology Price Performance

LON:AT traded down GBX 5 ($0.07) during trading hours on Thursday, reaching GBX 342.50 ($4.59). The company had a trading volume of 1,840,184 shares. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The firm has a market capitalization of £271.63 million, a PE ratio of 11.06 and a beta of 0.28. The stock has a 50-day moving average of GBX 442.73 and a two-hundred day moving average of GBX 492.41. Ashtead Technology has a one year low of GBX 426 ($5.71) and a one year high of GBX 893 ($11.98).

Ashtead Technology Company Profile

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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.

Further Reading

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