Ashtead Group (LON:AHT) had its price objective cut by analysts at JPMorgan Chase & Co. from GBX 2,600 ($35.92) to GBX 2,500 ($34.54) in a research note issued on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 24.56% from the stock’s current price.
Other analysts also recently issued research reports about the company. Deutsche Bank boosted their target price on Ashtead Group from GBX 1,650 ($22.80) to GBX 1,800 ($24.87) and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Berenberg Bank boosted their target price on Ashtead Group from GBX 1,700 ($23.49) to GBX 1,900 ($26.25) and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Numis Securities restated a “buy” rating and issued a GBX 2,500 ($34.54) target price on shares of Ashtead Group in a research report on Wednesday, March 7th. Barclays boosted their target price on 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. Finally, Peel Hunt restated a “buy” rating and issued a GBX 2,300 ($31.78) target price on shares of Ashtead Group in a research report on Tuesday, March 6th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Ashtead Group has a consensus rating of “Buy” and an average price target of GBX 2,213.33 ($30.58).
Ashtead Group (AHT) opened at GBX 2,007 ($27.73) on Wednesday. The stock has a market capitalization of $9,920.00 and a PE ratio of 1,013.64. Ashtead Group has a fifty-two week low of GBX 1,476 ($20.39) and a fifty-two week high of GBX 2,185 ($30.19).
Ashtead Group (LON:AHT) last issued its quarterly earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 29.60 ($0.41) by GBX 2.60 ($0.04). The firm had revenue of £916.10 million during the quarter. Ashtead Group had a return on equity of 95.06% and a net margin of 59.82%.
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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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