Ashtead Group plc’s (LON:AHT) Overweight Rating Reiterated at J P Morgan Chase & Co

J P Morgan Chase & Co reissued their overweight rating on shares of Ashtead Group plc (LON:AHT) in a report released on Friday, October 20th. They currently have a GBX 1,800 ($23.75) price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Barclays PLC reissued an overweight rating and set a GBX 1,867 ($24.64) price objective on shares of Ashtead Group plc in a research note on Wednesday, September 13th. Numis Securities Ltd upped their price objective on shares of 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 note on Wednesday, September 13th. Liberum Capital upped their price objective on shares of Ashtead Group plc from GBX 1,940 ($25.60) to GBX 2,030 ($26.79) and gave the company a buy rating in a research note on Thursday, September 14th. Peel Hunt reaffirmed a buy rating and set a GBX 1,800 ($23.75) price target on shares of Ashtead Group plc in a research note on Thursday, August 17th. Finally, BNP Paribas reaffirmed a neutral rating and set a GBX 1,550 ($20.45) price target on shares of Ashtead Group plc in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 1,783.62 ($23.54).

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

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

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About Ashtead Group plc

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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