Berenberg Bank Lowers Ashtead Technology (LON:AT) Price Target to GBX 700

Ashtead Technology (LON:AT - Free Report) had its target price trimmed by Berenberg Bank from GBX 800 ($10.74) to GBX 700 ($9.40) in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Ashtead Technology Trading Down 22.9%

LON:AT traded down GBX 103 ($1.38) during trading hours on Thursday, reaching GBX 347.50 ($4.66). 3,254,273 shares of the stock were exchanged. 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 business has a 50-day moving average of GBX 442.73 and a two-hundred day moving average of GBX 492.89. Ashtead Technology has a twelve month low of GBX 426 ($5.72) and a twelve month high of GBX 893 ($11.99). The company has a market capitalization of £275.59 million, a price-to-earnings ratio of 11.22 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.