Ashtead Technology (LON:AT) Insider Buys £40,185 in Stock

Ashtead Technology Holdings Plc (LON:AT) insider Jean Cahuzac bought 9,500 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of GBX 423 per share, for a total transaction of £40,185.

Ashtead Technology Stock Performance

Ashtead Technology stock traded up GBX 10.50 during midday trading on Thursday, hitting GBX 427. 386,737 shares of the company were exchanged. The business has a fifty day simple moving average of GBX 465.43 and a two-hundred day simple moving average of GBX 403.79. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25. The firm has a market capitalization of £338.64 million, a PE ratio of 13.79 and a beta of 0.43. Ashtead Technology Holdings Plc has a fifty-two week low of GBX 426 and a fifty-two week high of GBX 893.

Ashtead Technology (LON:AT) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 49.40 earnings per share (EPS) for the quarter. Ashtead Technology had a return on equity of 21.84% and a net margin of 15.85%. On average, sell-side analysts forecast that Ashtead Technology Holdings Plc will post 42.8247734 earnings per share for the current year.

Analyst Ratings Changes

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

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.