Ashtead Group (LON:AHT) had its price target lifted by equities researchers at Berenberg Bank from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential downside of 5.24% from the stock’s current price.
Several other brokerages also recently issued reports on AHT. Barclays increased their price objective on shares of Ashtead Group from GBX 2,263 ($31.27) to GBX 2,540 ($35.09) and gave the stock an “overweight” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada increased their price objective on shares of Ashtead Group from GBX 2,400 ($33.16) to GBX 2,800 ($38.68) and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,450 ($33.85) target price on shares of Ashtead Group in a research report on Thursday, January 18th. Peel Hunt raised their target price on shares of Ashtead Group from GBX 2,200 ($30.40) to GBX 2,300 ($31.78) and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Investec reaffirmed a “buy” rating and issued a GBX 2,700 ($37.30) target price on shares of Ashtead Group in a research report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,229.29 ($30.80).
Shares of Ashtead Group (LON:AHT) opened at GBX 2,005 ($27.70) on Tuesday. Ashtead Group has a 12-month low of GBX 1,476 ($20.39) and a 12-month high of GBX 2,185 ($30.19). The stock has a market cap of $9,940.00 and a price-to-earnings ratio of 1,822.73.
Ashtead Group (LON:AHT) last issued its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.97) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 69.10 ($0.95) by GBX 1.10 ($0.02). Ashtead Group had a net margin of 16.77% and a return on equity of 32.51%. The company had revenue of GBX 189.91 billion during the quarter.
In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($28.41), for a total value of £2,981,200 ($4,118,817.35).
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About Ashtead Group
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.
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