Berenberg Bank Reiterates “Buy” Rating for Ashtead Technology (LON:AT)

Ashtead Technology (LON:AT)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued on Thursday, LSE.Co.UK reports. They presently have a GBX 775 ($10.24) target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised shares of Ashtead Technology to a “buy” rating and raised their target price for the company from GBX 835 ($11.03) to GBX 860 ($11.36) in a research note on Tuesday, September 3rd.

Ashtead Technology Price Performance

The company has a market capitalization of £485.01 million, a P/E ratio of 2,020.00 and a beta of 0.29. Ashtead Technology has a one year low of GBX 401.75 ($5.31) and a one year high of GBX 893 ($11.80). The company has a fifty day moving average of GBX 767.10 and a 200 day moving average of GBX 766.62. The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82.

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. 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.