Ashtead Group (LON:AHT) had its target price boosted by Berenberg Bank from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) in a research report released on Tuesday morning. They currently have a hold rating on the stock.
AHT has been the subject of a number of other research reports. Deutsche Bank boosted their target price on shares of Ashtead Group from GBX 1,650 ($22.80) to GBX 1,800 ($24.87) and gave the company a hold rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Ashtead Group from GBX 2,400 ($33.16) to GBX 2,450 ($33.85) and gave the company an overweight rating in a research report on Monday, January 8th. Barclays boosted their target price on shares of Ashtead Group from GBX 2,263 ($31.27) to GBX 2,540 ($35.09) and gave the company an overweight rating in a research report on Tuesday, January 23rd. Royal Bank of Canada boosted their target price on shares of Ashtead Group from GBX 2,100 ($29.01) to GBX 2,400 ($33.16) and gave the company an outperform rating in a research report on Tuesday, December 5th. Finally, Jefferies Group boosted their target price on shares of Ashtead Group from GBX 2,000 ($27.63) to GBX 2,200 ($30.40) and gave the company a buy rating in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Ashtead Group currently has an average rating of Buy and an average price target of GBX 2,229.29 ($30.80).
Ashtead Group (AHT) opened at GBX 2,022 ($27.94) on Tuesday. Ashtead Group has a 52-week low of GBX 1,476 ($20.39) and a 52-week high of GBX 2,185 ($30.19). The company has a market cap of $10,070.00 and a price-to-earnings ratio of 1,838.18.
Ashtead Group (LON:AHT) last released its quarterly earnings data on Tuesday, December 12th. The company reported GBX 70.20 ($0.97) EPS for the quarter, topping the Zacks’ 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 firm had revenue of GBX 189.91 billion during the quarter.
The business also recently declared a dividend, which was paid on Wednesday, February 7th. Investors of record on Thursday, January 18th were paid a GBX 5.50 ($0.08) dividend. This represents a yield of 0.29%. The ex-dividend date of this dividend was Thursday, January 18th.
In related news, insider Suzanne Wood sold 145,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was 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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Ashtead Group 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.
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