Ashtead Technology (LON:AT) Given New GBX 650 Price Target at Deutsche Bank Aktiengesellschaft

Ashtead Technology (LON:AT) had its target price lowered by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 720 to GBX 650 in a research note issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 81.56% from the stock’s previous close.

A number of other analysts also recently weighed in on AT. Berenberg Bank decreased their price target on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating on the stock in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 560 price target on shares of Ashtead Technology in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 637.

Ashtead Technology Stock Performance

LON AT opened at GBX 358 on Thursday. The company has a current ratio of 2.25, a quick ratio of 1.46 and a debt-to-equity ratio of 78.29. The business’s 50 day moving average is GBX 429.28 and its two-hundred day moving average is GBX 439.64. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893. The stock has a market capitalization of £283.92 million, a price-to-earnings ratio of 11.56 and a beta of 0.41.

Insider Activity at Ashtead Technology

In other Ashtead Technology news, insider Jean Cahuzac purchased 9,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of GBX 423 per share, for a total transaction of £40,185. 3.28% of the stock is currently owned by corporate insiders.

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. It also provides mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and diver tooling, intervention skids, topside support, recovery tools, ancillary deck equipment, and fabrication solutions.