Ashtead Technology cut to sector perform by RBC Capital

What Brokers Say Tech Written by: Ian Lyall 12:00 Thu 03 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Ashtead Technology Holdings PLC ( AIM:AT. ) View Price & Profile Ashtead Technology cut to sector perform by RBC Capital Published: 12:00 03 Sep 2026 BST RBC Capital downgraded Ashtead Technology Holdings PLC (AIM:AT.) , the subsea technology solutions provider, to 'sector perform' from 'outperform' and cut its price target to £4.00 from £5.60. The downgrade follows a profit warning from the company, which cut its full-year guidance after revenue and earnings came in below expectations. Ashtead Technology said full-year revenue is now expected to come in around 5% below the consensus of £214.2 million, with adjusted earnings before interest, tax and amortisation guided approximately 15% below the £59.2 million analyst mid-point. The company had previously said in July that meeting market expectations depended on de-escalation in the Middle East and stable project scheduling, conditions it said had not materialised. First-half results published on 1 September showed revenue of £100.2 million, up 1.1% from £99.1 million a year earlier. Adjusted earnings before interest, tax and amortisation fell 7.3% to £25.1 million, with the margin narrowing to 25.0% from 27.3%. Net debt fell to £116.7 million from £131.9 million, with leverage easing to 1.4 times from 1.7 times. Shares were trading Thursday at 341p, below RBC's new price target of £4.00. Continue reading