Ashtead Technology (LON:AT) Trading Down 2% - Here's What Happened

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) shares dropped 2% on Thursday . The company traded as low as GBX 335.50 and last traded at GBX 335.50. Approximately 110,689 shares traded hands during trading, The stock had previously closed at GBX 342.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AT shares. Berenberg Bank reissued a "buy" rating and set a GBX 700 price target on shares of Ashtead Technology in a report on Monday, September 8th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 560 price objective on shares of Ashtead Technology in a research report on Wednesday, September 3rd. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 725 target price on shares of Ashtead Technology in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 646.25.

Check Out Our Latest Report on Ashtead Technology

Ashtead Technology Stock Down 2.0%

The company has a 50-day moving average of GBX 336.06 and a two-hundred day moving average of GBX 369.76. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46. The company has a market capitalization of £266.07 million, a PE ratio of 10.83 and a beta of 0.28.

About Ashtead Technology

(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.

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