Ashtead Technology (LON:AT) Price Target Raised to GBX 800 at Berenberg Bank

Ashtead Technology (LON:AT) had its target price hoisted by Berenberg Bank from GBX 775 ($10.06) to GBX 800 ($10.39) in a report released on Thursday, Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised Ashtead Technology to a “buy” rating and raised their price target for the company from GBX 835 ($10.84) to GBX 860 ($11.17) in a report on Tuesday, September 3rd.

Ashtead Technology Stock Up 8.5 %

Ashtead Technology stock traded up GBX 46 ($0.60) during mid-day trading on Thursday, reaching GBX 589 ($7.65). 521,585 shares of the company’s stock were exchanged. The company has a market cap of £472.97 million, a P/E ratio of 1,963.33 and a beta of 0.28. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. Ashtead Technology has a twelve month low of GBX 426 ($5.53) and a twelve month high of GBX 893 ($11.59). The company has a fifty day moving average of GBX 661.80 and a 200-day moving average of GBX 747.88.

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.