Key Points
- Insider purchase: Tony Durrant bought 30,000 shares on January 2 at an average price of GBX 306, a transaction worth £91,800.
- Analyst view: Four analysts give Ashtead Technology a consensus Buy rating with an average price target of GBX 646.25, implying substantial upside versus recent ~GBX 302 share levels.
- Key fundamentals: The stock has a market cap of £239.9M, a P/E of 9.77 and a beta of 0.28, and it was trading below its 50- and 200-day moving averages (GBX 324.70 and GBX 353.67) and down about 2.4% recently.
Ashtead Technology Holdings Plc (LON:AT - Get Free Report) insider Tony Durrant purchased 30,000 shares of the company's stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average cost of GBX 306 per share, with a total value of £91,800.
Ashtead Technology Stock Down 2.4%
Shares of AT opened at GBX 302.50 on Tuesday. The firm has a market cap of £239.90 million, a PE ratio of 9.77 and a beta of 0.28. The company's fifty day moving average is GBX 324.70 and its two-hundred day moving average is GBX 353.67. Ashtead Technology Holdings Plc has a fifty-two week low of GBX 426 and a fifty-two week high of GBX 893. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83.
Analyst Ratings Changes
AT has been the subject of several research analyst reports. Peel Hunt restated a "buy" rating and set a GBX 725 price target on shares of Ashtead Technology in a research note on Thursday, November 20th. Berenberg Bank reiterated a "buy" rating and set a GBX 700 target price on shares of Ashtead Technology in a report on Monday, September 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ashtead Technology has a consensus rating of "Buy" and an average price target of GBX 646.25.
Read Our Latest Stock Report on Ashtead Technology
Ashtead Technology Company Profile
(
Get Free Report)
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.
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