Ashtead Technology Holdings Plc (LON:AT) Stock Has Average Target Price of GBX 587.50 According to Brokerages

Key Points

• Ashtead Technology holds a “Moderate Buy” consensus rating from six analysts, with five buy ratings and one hold. The average 12-month price target is GBX 587.50.
• Several brokers recently reduced their price targets, including RBC to GBX 400, Canaccord Genuity to GBX 500, and Berenberg to GBX 650, while Deutsche Bank maintained a buy rating with a GBX 650 target.
• The shares opened at GBX 532, versus a 12-month range of GBX 426 to GBX 893. The company recently reported quarterly EPS of GBX 20.60, a 15.56% net margin, and a 19.41% return on equity.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 587.50.

AT has been the topic of a number of analyst reports. Royal Bank Of Canada lowered Ashtead Technology to a "sector perform" rating and dropped their target price for the stock from GBX 560 to GBX 400 in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 650 price target on shares of Ashtead Technology in a report on Wednesday, September 2nd. Berenberg Bank lowered their price objective on Ashtead Technology from GBX 700 to GBX 650 and set a "buy" rating for the company in a research note on Friday, August 21st. Finally, Canaccord Genuity Group lowered their price objective on Ashtead Technology from GBX 600 to GBX 500 and set a "buy" rating for the company in a research note on Thursday, September 17th.

Ashtead Technology Stock Performance

Ashtead Technology stock opened at GBX 532 on Monday. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893. The company has a debt-to-equity ratio of 73.72, a current ratio of 2.21 and a quick ratio of 1.46. The company has a market capitalization of £421.91 million, a price-to-earnings ratio of 17.17 and a beta of 0.41. The firm's fifty day moving average price is GBX 412.61 and its 200 day moving average price is GBX 436.64.

Ashtead Technology (LON:AT - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported GBX 20.60 earnings per share for the quarter. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%. On average, research analysts forecast that Ashtead Technology will post 42.82 EPS for the current fiscal year.

Ashtead Technology Company Profile

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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