Ashtead Technology’s (AT) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Ashtead Technology (LON:AT)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 560 price target on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 30.99% from the company’s previous close.

Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 600 target price on shares of Ashtead Technology in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ashtead Technology currently has a consensus rating of “Buy” and an average price target of GBX 637.

Ashtead Technology Stock Up 4.3%

LON AT opened at GBX 427.50 on Thursday. Ashtead Technology has a 52 week low of GBX 426 and a 52 week high of GBX 893. The company has a quick ratio of 1.46, a current ratio of 2.25 and a debt-to-equity ratio of 78.29. The company has a market capitalization of £339.04 million, a P/E ratio of 13.80 and a beta of 0.41. The stock’s 50-day moving average price is GBX 450.96 and its 200-day moving average price is GBX 425.16.

Insider Buying and Selling at Ashtead Technology

In other news, insider Jean Cahuzac bought 9,500 shares of Ashtead Technology stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of GBX 423 per share, with a total value of £40,185. 3.28% of the stock is currently owned by insiders.

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. 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.