Ashtead Technology (LON:AT) Shares Up 5% – What’s Next?

Shares of Ashtead Technology Holdings Plc (LON:AT) traded up 5% during mid-day trading on Thursday . The stock traded as high as GBX 591 ($7.73) and last traded at GBX 591 ($7.73). 151,564 shares changed hands during trading, The stock had previously closed at GBX 563 ($7.37).

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Ashtead Technology to a “buy” rating and lifted their price objective for the stock from GBX 835 ($10.93) to GBX 860 ($11.26) in a research report on Tuesday, September 3rd. Berenberg Bank restated a “buy” rating and set a GBX 775 ($10.14) price objective on shares of Ashtead Technology in a research report on Thursday, September 19th.

Ashtead Technology Stock Up 0.3 %

The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46. The firm’s 50-day moving average price is GBX 704.40 and its 200 day moving average price is GBX 756.86. The firm has a market cap of £465.74 million, a P/E ratio of 1,933.33 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.