Ashtead Group plc (AHT) Receives Average Rating of “Buy” from Brokerages

Ashtead Group plc (LON:AHT) has earned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 2,246.92 ($31.04).

AHT has been the subject of a number of analyst reports. Citigroup restated a “buy” rating and issued a GBX 2,000 ($27.63) price objective on shares of Ashtead Group in a research report on Monday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Ashtead Group from GBX 1,800 ($24.87) to GBX 2,400 ($33.16) and gave the company an “overweight” rating in a research report on Tuesday, November 28th. Jefferies Group raised their price objective 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. Royal Bank of Canada raised their price objective 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, Deutsche Bank raised their price objective 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.

Ashtead Group (LON:AHT) opened at GBX 2,046 ($28.27) on Tuesday. The firm has a market cap of $10,170.00 and a PE ratio of 1,860.00. Ashtead Group has a 12 month low of GBX 1,476 ($20.39) and a 12 month high of GBX 2,185 ($30.19).

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, beating analysts’ consensus estimates 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.

The business also recently announced a dividend, which was paid on Wednesday, February 7th. Shareholders of record on Thursday, January 18th were given a dividend of GBX 5.50 ($0.08) per share. The ex-dividend date was Thursday, January 18th. This represents a yield of 0.29%.

In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of Ashtead Group stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of GBX 2,056 ($28.41), for a total transaction 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.

Analyst Recommendations for Ashtead Group (LON:AHT)

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