Ashtead Technology (LON:AT) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Ashtead Technology (LON:AT) in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have a GBX 775 ($10.19) target price on the stock.

Ashtead Technology Price Performance

Ashtead Technology stock opened at GBX 645 ($8.48) on Monday. Ashtead Technology has a 1 year low of GBX 401.75 ($5.28) and a 1 year high of GBX 893 ($11.74). The firm has a 50 day moving average price of GBX 800.52 and a 200 day moving average price of GBX 772.26. The company has a market cap of £514.32 million, a price-to-earnings ratio of 2,388.89 and a beta of 0.34. The company has a debt-to-equity ratio of 74.30, a quick ratio of 1.46 and a current ratio of 1.33.

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. 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.