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Insider Buying: Ashtead Technology (LON:AT) Insider Buys 8,600 Shares of Stock

Ashtead Technology logo with Energy background

Key Points

  • Insider Activity: Ashtead Technology's insider, Jean Cahuzac, purchased 8,600 shares at an average price of GBX 379, totaling £32,594 on August 26th.
  • Stock Performance: The stock is currently trading at GBX 344, with a 52-week range between GBX 426 and GBX 893 and a market capitalization of £272.82 million.
  • Analyst Ratings: The stock has received a consensus "Buy" rating, with an average price target of GBX 721.25, as analysts from Peel Hunt, Berenberg Bank, and Canaccord Genuity Group have recently provided updated recommendations.
  • Looking to export and analyze Ashtead Technology data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider Jean Cahuzac acquired 8,600 shares of the stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average price of GBX 379 per share, for a total transaction of £32,594.

Ashtead Technology Price Performance

Shares of LON:AT opened at GBX 344 on Wednesday. The firm's 50 day moving average price is GBX 383.26 and its 200-day moving average price is GBX 452.80. Ashtead Technology Holdings Plc has a twelve month low of GBX 426 and a twelve month high of GBX 893. 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 stock has a market capitalization of £272.82 million, a PE ratio of 11.11 and a beta of 0.28.

Ashtead Technology (LON:AT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported GBX 21.90 earnings per share for the quarter. Ashtead Technology had a net margin of 17.37% and a return on equity of 23.56%. Equities research analysts expect that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AT shares. Peel Hunt reaffirmed a "buy" rating and set a GBX 725 price target on shares of Ashtead Technology in a report on Friday, August 1st. Berenberg Bank lowered their price target on shares of Ashtead Technology from GBX 800 to GBX 700 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Canaccord Genuity Group lowered their price target on shares of Ashtead Technology from GBX 825 to GBX 600 and set a "buy" rating on the stock in a report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 721.25.

Check Out Our Latest Stock Analysis on AT

Ashtead Technology Company Profile

(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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