Kristin Færøvik Acquires 1,765 Shares of Ashtead Technology (LON:AT) Stock

Key Points

• Kristin Færøvik, an insider at Ashtead Technology, acquired 1,765 shares at an average price of GBX 361, totaling £6,371.65 on August 26th.
• Ashtead Technology Holdings Plc reported earnings of GBX 21.90 per share for the quarter, with expectations of 42.82 earnings per share for the current year.
• Analysts have a consensus rating of "Buy" for Ashtead Technology, with target prices ranging from GBX 600 to GBX 725 according to various research reports.

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider Kristin Færøvik acquired 1,765 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were purchased at an average price of GBX 361 per share, for a total transaction of £6,371.65.

Kristin Færøvik also recently made the following trade(s):

• On Tuesday, August 26th, Kristin Færøvik bought 4,716 shares of Ashtead Technology stock. The stock was purchased at an average price of GBX 359 per share, with a total value of £16,930.44.

Ashtead Technology Price Performance

AT stock opened at GBX 366.50 on Thursday. The stock has a market cap of £290.66 million, a PE ratio of 11.83 and a beta of 0.28. Ashtead Technology Holdings Plc has a 12 month low of GBX 426 and a 12 month high of GBX 893. The company has a 50-day moving average price of GBX 381.99 and a 200 day moving average price of GBX 451.45. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83.

Ashtead Technology (LON:AT - Get Free Report) last posted 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 anticipate that Ashtead Technology Holdings Plc will post 42.8247734 earnings per share for the current year.

Analyst Upgrades and Downgrades

AT has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their price target on Ashtead Technology from GBX 825 to GBX 600 and set a "buy" rating for the company in a research note on Friday, July 25th. Peel Hunt reiterated a "buy" rating and set a GBX 725 target price on shares of Ashtead Technology in a research report on Friday, August 1st. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 700 target price on shares of Ashtead Technology in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ashtead Technology has a consensus rating of "Buy" and a consensus target price of GBX 721.25.

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.

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