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Ashtead Technology (LON:AT) Stock Price Up 2.6% – Time to Buy?
Defense World· 2026-01-03 07:35
Group 1 - Ashtead Technology has received multiple "buy" ratings from brokerages, with price targets set at GBX 700 by Berenberg Bank and GBX 725 by Peel Hunt, while the average price target is GBX 646.25 [1] - The company's stock has recently decreased by 2.4%, with a current market capitalization of £239.90 million and a price-to-earnings ratio of 9.77 [2] - The stock's performance includes a 50-day simple moving average of GBX 325.41 and a 200-day simple moving average of GBX 355.74 [2][3] Group 2 - Ashtead Technology Holdings Plc specializes in subsea equipment rental solutions for the offshore energy sector across Europe, the Americas, Asia-Pacific, and the Middle East [4] - The company offers a range of survey and robotics equipment, including geophysical, hydrographic, and environmental products, as well as mechanical solutions like subsea cutting and cleaning [4] - The company's financial ratios include a quick ratio of 1.46, a current ratio of 1.82, and a debt-to-equity ratio of 70.83 [2][3]