Jefferies Group LLC Reaffirms “Buy” Rating for Ashtead Group plc (AHT)

Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a research note issued to investors on Thursday, October 19th. They currently have a GBX 2,000 ($26.39) price target on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 2.99% from the stock’s previous close.

Several other brokerages have also commented on AHT. Liberum Capital reissued a “buy” rating and set a GBX 2,030 ($26.79) price objective on shares of Ashtead Group plc in a report on Friday, September 29th. Barclays PLC restated an “overweight” rating and issued a GBX 1,867 ($24.64) target price on shares of Ashtead Group plc in a research report on Monday, September 25th. Credit Suisse Group boosted their target price on Ashtead Group plc from GBX 1,500 ($19.79) to GBX 1,650 ($21.77) and gave the stock a “neutral” rating in a research report on Thursday, September 14th. Berenberg Bank boosted their price objective on Ashtead Group plc from GBX 1,600 ($21.11) to GBX 1,700 ($22.43) and gave the company a “hold” rating in a research report on Thursday, September 14th. Finally, Numis Securities Ltd boosted their price objective on Ashtead Group plc from GBX 1,800 ($23.75) to GBX 2,000 ($26.39) and gave the company an “add” rating in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,783.62 ($23.54).

Shares of Ashtead Group plc (LON:AHT) opened at 1942.00 on Thursday. The stock’s market cap is GBX 9.66 billion. Ashtead Group plc has a 52-week low of GBX 1,202.00 and a 52-week high of GBX 1,975.00. The firm has a 50-day moving average of GBX 1,817.76 and a 200-day moving average of GBX 1,663.96.

Ashtead Group plc (LON:AHT) last posted its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 29.67% and a net margin of 17.04%. The business had revenue of £828.80 million during the quarter. On average, equities analysts expect that Ashtead Group plc will post $118.98 EPS for the current fiscal year.

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Ashtead Group plc Company Profile

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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