Ashtead Technology (LON:AT) Price Target Increased to GBX 800 by Analysts at Berenberg Bank

Ashtead Technology (LON:AT) had its target price hoisted by equities researchers at Berenberg Bank from GBX 775 ($10.06) to GBX 800 ($10.39) in a research report issued to clients and investors on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 35.82% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft upgraded Ashtead Technology to a “buy” rating and lifted their price objective for the stock from GBX 835 ($10.84) to GBX 860 ($11.17) in a research report on Tuesday, September 3rd.

Ashtead Technology Price Performance

Ashtead Technology stock traded up GBX 46 ($0.60) during midday trading on Thursday, reaching GBX 589 ($7.65). The company’s stock had a trading volume of 521,585 shares. Ashtead Technology has a fifty-two week low of GBX 426 ($5.53) and a fifty-two week high of GBX 893 ($11.59). 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 stock’s 50 day simple moving average is GBX 661.80 and its 200 day simple moving average is GBX 747.88. The firm has a market capitalization of £472.97 million, a PE ratio of 1,963.33 and a beta of 0.28.

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. 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.