Should I buy or sell Ashtead Technology stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashtead Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AT shares. View AT analyst ratings or view top-rated stocks .

What is Ashtead Technology's stock price target for 2024?

1 brokers have issued 12 month price targets for Ashtead Technology's shares. Their AT share price targets range from GBX 775 to GBX 775. On average, they expect the company's share price to reach GBX 775 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View analysts price targets for AT or view top-rated stocks among Wall Street analysts .

How have AT shares performed in 2024?

Ashtead Technology's stock was trading at GBX 614 at the start of the year. Since then, AT shares have increased by 19.9% and is now trading at GBX 736. View the best growth stocks for 2024 here .

How often does Ashtead Technology pay dividends? What is the dividend yield for Ashtead Technology?

Ashtead Technology announced a dividend on Tuesday, April 16th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 1.10 per share on Monday, June 3rd. This represents a dividend yield of 0.15%. The ex-dividend date is Thursday, May 2nd. This is an increase from the stock's previous dividend of GBX 1. The official announcement can be seen at this link . Read our dividend analysis for AT .

Is Ashtead Technology a good dividend stock?

Ashtead Technology (LON:AT) pays an annual dividend of GBX 1 per share and currently has a dividend yield of 0.13%. The dividend payout ratio is 476.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for AT .

How do I buy shares of Ashtead Technology?

Shares of AT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock. Compare Top Brokerages Here .

LON:AT

Ashtead Technology (AT) Share Price, News & Analysis

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GBX 736

+49.00 (+7.13%)

(As of 04/17/2024 ET)

Compare

Today's Range: 680
▼
736
50-Day Range: 668
▼
794
52-Week Range: 310
▼
791

Volume: 369,822 shs
Average Volume: N/A
Market Capitalization: £588.43 million

P/E Ratio: 3,504.76
Dividend Yield: 0.14%
Price Target: GBX 775

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

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Ashtead Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 5.3% Upside
GBX 775 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.80
Based on 13 Articles This Week
Insider Trading: Acquiring Shares
£1.99 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.59 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
Ashtead Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Ashtead Technology has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for AT.

0.0

Dividend Strength

Dividend Yield
Ashtead Technology has a dividend yield of 0.13%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ashtead Technology does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ashtead Technology is 476.19%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AT.

3.8

News and Social Media Coverage

News Sentiment
Ashtead Technology has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Ashtead Technology this week, compared to 1 article on an average week.
Search Interest
3 people have searched for AT on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Ashtead Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ashtead Technology insiders have bought more of their company's stock than they have sold. Specifically, they have bought £19,899 in company stock and sold GBX 0 in company stock.
Percentage Held by Insiders
Only 2.96% of the stock of Ashtead Technology is held by insiders.
Percentage Held by Institutions
86.34% of the stock of Ashtead Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Ashtead Technology is 3,504.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ashtead Technology is 3,504.76, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 97.53.
Price to Book Value per Share Ratio
Ashtead Technology has a P/B Ratio of 6.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Ashtead Technology Stock (LON:AT)

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. It 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; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations. The company was founded in 1985 and is based in Westhill, the United Kingdom.

AT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AT Stock News Headlines

April 18, 2024 | insidertrades.com

Ashtead Technology Holdings Plc (LON:AT) Insider Acquires £19,899 in Stock

April 18, 2024 | finance.yahoo.com

Returns At Ashtead Technology Holdings (LON:AT.) Are On The Way Up

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 18, 2024 | americanbankingnews.com

Ashtead Technology Holdings Plc (LON:AT) Insider William(Bill) Mervyn FrewCarey Shannon Acquires 3,015 Shares

April 18, 2024 | americanbankingnews.com

Ashtead Technology (LON:AT) PT Raised to GBX 775

April 16, 2024 | thetimes.co.uk

Wages rising, more Scots in jobs and fewer looking for work

April 16, 2024 | lse.co.uk

Ashtead Technology benefits from rising demand across energy sector

April 15, 2024 | msn.com

FTSE 100 Live 15 April: Index closes lower after approaching record, Goldman profit surprise, UK jobs in focus

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

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April 11, 2024 | finance.yahoo.com

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April 11, 2024 | msn.com

$16 million in tax breaks OK’d for tech company expansion set to create 400 jobs in DeWitt

April 10, 2024 | yahoo.com

Slate Adds Two New Hires to Grow Business and Technology Coverage

April 10, 2024 | americanbankingnews.com

Ashtead Technology (LON:AT) Stock Price Up 3.1%

April 2, 2024 | msn.com

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March 31, 2024 | yahoo.com

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March 12, 2024 | uk.finance.yahoo.com

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March 1, 2024 | finance.yahoo.com

Are Ashtead Technology Holdings Plc (LON:AT.) Investors Paying Above The Intrinsic Value?

February 21, 2024 | lse.co.uk

LONDON BRIEFING: Barclays announces GBP1b buyback as 2023 profit falls

February 19, 2024 | finance.yahoo.com

NDT and Inspection Companies - General Electric (GE) and Intertek Group plc (UK) are the Key Players

February 15, 2024 | finanznachrichten.de

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February 6, 2024 | msn.com

FTSE 100 Live 5 February: Index closes flat amid decreased rate-cut hopes, Government cuts NatWest stake

February 5, 2024 | morningstar.com.au

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February 2, 2024 | lse.co.uk

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February 1, 2024 | msn.com

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January 30, 2024 | msn.com

FTSE 100 Live 30 January: IMF 'advises against UK tax cuts', shares higher, US job openings beat forecasts

January 30, 2024 | uk.finance.yahoo.com

Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023

See More Headlines

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Company Calendar

Today: 4/18/2024
Ex-Dividend for 6/3 Dividend: 5/02/2024
Dividend Payable: 6/03/2024

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Industry, Sector and Symbol

Stock Exchange: LON
Sector: Energy
Industry: Oil & Gas Equipment & Services
Sub-Industry: N/A
Current Symbol: LON:AT
CUSIP: N/A
CIK: N/A
Web: www.ashtead-technology.com
Phone: 44 1224 771 888
Fax: N/A
Employees: 289
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: GBX 775
High Stock Price Target: GBX 775
Low Stock Price Target: GBX 775
Potential Upside/Downside: +5.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 0.21
Trailing P/E Ratio: 3,504.76
Forward P/E Ratio: 20.25
P/E Growth: N/A
Net Income: £17.20 million
Net Margins: 18.85%
Pretax Margin: N/A
Return on Equity: 22.43%
Return on Assets: 12.50%

Debt

Debt-to-Equity Ratio: 38.53
Current Ratio: 1.56
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: £91.24 million
Price / Sales: 6.45
Cash Flow: GBX 12.43 per share
Price / Cash Flow: 59.20
Book Value: GBX 107 per share
Price / Book: 6.88

Miscellaneous

Outstanding Shares: 79,950,000
Free Float: N/A
Market Cap: £588.43 million
Optionable: Not Optionable
Beta: 0.32

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Key Executives

Mr. Allan Pirie (Age 51)
CEO & Executive Director
Comp: $371k
Ms. Ingrid Stewart (Age 50)
CFO, Company Secretary & Executive Director
Comp: $431k

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

AT Stock Analysis - Frequently Asked Questions

Should I buy or sell Ashtead Technology stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ashtead Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AT shares.
View AT analyst ratings or view top-rated stocks.
What is Ashtead Technology's stock price target for 2024?: 1 brokers have issued 12 month price targets for Ashtead Technology's shares. Their AT share price targets range from GBX 775 to GBX 775. On average, they expect the company's share price to reach GBX 775 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for AT or view top-rated stocks among Wall Street analysts.
How have AT shares performed in 2024?: Ashtead Technology's stock was trading at GBX 614 at the start of the year. Since then, AT shares have increased by 19.9% and is now trading at GBX 736.
View the best growth stocks for 2024 here.
How often does Ashtead Technology pay dividends? What is the dividend yield for Ashtead Technology?: Ashtead Technology announced a dividend on Tuesday, April 16th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 1.10 per share on Monday, June 3rd. This represents a dividend yield of 0.15%. The ex-dividend date is Thursday, May 2nd. This is an increase from the stock's previous dividend of GBX 1. The official announcement can be seen at this link.
Read our dividend analysis for AT.

Is Ashtead Technology a good dividend stock?: Ashtead Technology (LON:AT) pays an annual dividend of GBX 1 per share and currently has a dividend yield of 0.13%. The dividend payout ratio is 476.19%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for AT.
How do I buy shares of Ashtead Technology?: Shares of AT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:AT) was last updated on 4/18/2024 by MarketBeat.com Staff

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Ashtead Technology (AT) Share Price, News & Analysis

Ashtead Technology MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ashtead Technology Stock (LON:AT)

AT Stock Price History

AT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

AT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™