Ashtead Technology (LON:AT) Shares Up 0.6% – Time to Buy?

Ashtead Technology Holdings Plc (LON:AT)’s stock price rose 0.6% on Friday . The company traded as high as GBX 523 ($6.59) and last traded at GBX 503 ($6.34). Approximately 221,971 shares traded hands during trading, The stock had previously closed at GBX 500 ($6.30).

Analyst Ratings Changes

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Ashtead Technology to a “buy” rating and upped their price target for the company from GBX 835 ($10.52) to GBX 860 ($10.84) in a report on Tuesday, September 3rd. Berenberg Bank upped their target price on Ashtead Technology from GBX 775 ($9.77) to GBX 800 ($10.08) and gave the company a “buy” rating in a report on Thursday, October 24th.

Ashtead Technology Stock Performance

The firm’s 50-day moving average price is GBX 584.60 and its two-hundred day moving average price is GBX 722.69. 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 firm has a market capitalization of £401.50 million, a PE ratio of 1,676.67 and a beta of 0.28.

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. 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.