Ashtead Technology (LON:AT) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Ashtead Technology (LON:AT)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 650 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 88.13% from the company’s previous close.

Several other equities research analysts have also commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 560 price objective on shares of Ashtead Technology in a research note on Thursday, July 16th. Berenberg Bank cut their price target on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating for the company in a report on Friday, August 21st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 637.

Ashtead Technology Stock Performance

AT opened at GBX 345.50 on Wednesday. The company’s 50 day moving average is GBX 412.58 and its 200 day moving average is GBX 435.50. 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 company has a market cap of £274.01 million, a price-to-earnings ratio of 11.15 and a beta of 0.41. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893.

Ashtead Technology (LON:AT) last released its quarterly earnings results on Tuesday, September 1st. The company reported GBX 20.60 earnings per share for the quarter. Ashtead Technology had a net margin of 15.85% and a return on equity of 21.84%. On average, equities research analysts predict that Ashtead Technology will post 42.8247734 EPS for the current year.

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. 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.