Ashtead Technology’s (AT) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Ashtead Technology (LON:AT) in a research note released on Thursday, LSE.Co.UK reports. Berenberg Bank currently has a GBX 775 ($10.24) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised Ashtead Technology to a buy rating and lifted their price objective for the stock from GBX 835 ($11.03) to GBX 860 ($11.36) in a report on Tuesday, September 3rd.

Ashtead Technology Price Performance

Shares of LON:AT opened at GBX 623 ($8.23) on Thursday. Ashtead Technology has a fifty-two week low of GBX 401.75 ($5.31) and a fifty-two week high of GBX 893 ($11.80). The company’s 50-day moving average is GBX 767.10 and its 200 day moving average is GBX 767.32. The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82. The company has a market capitalization of £500.27 million, a P/E ratio of 2,076.67 and a beta of 0.29.

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. 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.