Ashtead Technology’s (AT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Ashtead Technology (LON:AT) in a research report sent to investors on Thursday morning, LSE.Co.UK reports. The firm currently has a GBX 775 ($10.24) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft upgraded Ashtead Technology to a buy rating and upped their price target for the stock from GBX 835 ($11.03) to GBX 860 ($11.36) in a research note on Tuesday, September 3rd.

Ashtead Technology Stock Performance

Shares of AT stock opened at GBX 623 ($8.23) on Thursday. Ashtead Technology has a 52-week low of GBX 401.75 ($5.31) and a 52-week high of GBX 893 ($11.80). The stock’s 50-day moving average price is GBX 767.10 and its 200 day moving average price is GBX 766.62. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The stock has a market capitalization of £500.27 million, a PE ratio of 2,076.67 and a beta of 0.29.

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.