Ashtead Technology (LON:AT) Price Target Lowered to GBX 700 at Berenberg Bank

Ashtead Technology (LON:AT) had its target price reduced by research analysts at Berenberg Bank from GBX 800 ($10.74) to GBX 700 ($9.40) in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 104.38% from the company’s previous close.

Ashtead Technology Price Performance

Shares of AT opened at GBX 342.50 ($4.60) on Thursday. Ashtead Technology has a 12-month low of GBX 426 ($5.72) and a 12-month high of GBX 893 ($11.99). The business has a 50-day simple moving average of GBX 442.73 and a two-hundred day simple moving average of GBX 492.89. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The stock has a market cap of £271.63 million, a PE ratio of 11.06 and a beta of 0.28.

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.