William(Bill) Mervyn FrewCarey Shannon Purchases 13,000 Shares of Ashtead Technology Holdings Plc (LON:AT) Stock

Ashtead Technology Holdings Plc (LON:AT) insider William(Bill) Mervyn FrewCarey Shannon acquired 13,000 shares of the company’s stock in a transaction on Thursday, November 28th. The shares were bought at an average cost of GBX 550 ($7.01) per share, with a total value of £71,500 ($91,071.20).

Ashtead Technology Stock Performance

Shares of Ashtead Technology stock opened at GBX 551 ($7.02) on Friday. The firm’s 50 day moving average is GBX 554.44 and its two-hundred day moving average is GBX 703.48. Ashtead Technology Holdings Plc has a 52 week low of GBX 426 ($5.43) and a 52 week high of GBX 893 ($11.37). The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The firm has a market capitalization of £442.45 million, a P/E ratio of 1,836.67 and a beta of 0.28.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Ashtead Technology to a “buy” rating and boosted their target price for the stock from GBX 835 ($10.64) to GBX 860 ($10.95) in a research note on Tuesday, September 3rd. Berenberg Bank raised their price objective on shares of Ashtead Technology from GBX 775 ($9.87) to GBX 800 ($10.19) and gave the stock a “buy” rating in a research note on Thursday, October 24th.

About Ashtead Technology

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.