Ashtead Technology Holdings Plc (LON:AT) Insider Buys £71,500 in Stock

Ashtead Technology Holdings Plc (LON:AT) insider William(Bill) Mervyn FrewCarey Shannon bought 13,000 shares of Ashtead Technology stock in a transaction dated Thursday, November 28th. The shares were bought at an average cost of GBX 550 ($6.99) per share, with a total value of £71,500 ($90,816.72).

Ashtead Technology Trading Down 0.2 %

LON:AT opened at GBX 551 ($7.00) on Monday. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46. Ashtead Technology Holdings Plc has a 1 year low of GBX 426 ($5.41) and a 1 year high of GBX 893 ($11.34). The company has a market cap of £442.45 million, a P/E ratio of 1,836.67 and a beta of 0.28. The stock’s fifty day moving average price is GBX 554.44 and its two-hundred day moving average price is GBX 702.86.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AT. Deutsche Bank Aktiengesellschaft raised Ashtead Technology to a “buy” rating and increased their price objective for the company from GBX 835 ($10.61) to GBX 860 ($10.92) in a report on Tuesday, September 3rd. Berenberg Bank boosted their price objective on Ashtead Technology from GBX 775 ($9.84) to GBX 800 ($10.16) and gave the company a “buy” rating in a research note on Thursday, October 24th.

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.