JPMorgan Chase Trims Ashtead Group (LON:AHT) Target Price to GBX 2,500

Ashtead Group (LON:AHT) had its price objective reduced by JPMorgan Chase from GBX 2,600 ($36.50) to GBX 2,500 ($35.09) in a research note issued to investors on Wednesday, March 14th. They currently have an overweight rating on the stock.

A number of other equities analysts have also issued reports on the company. Numis Securities reissued a buy rating and set a GBX 2,500 ($35.09) price target on shares of Ashtead Group in a report on Wednesday, March 7th. Deutsche Bank reissued a hold rating on shares of Ashtead Group in a report on Wednesday, March 7th. Barclays reissued an overweight rating on shares of Ashtead Group in a report on Wednesday, March 7th. Peel Hunt reissued a buy rating and set a GBX 2,300 ($32.29) price target on shares of Ashtead Group in a report on Tuesday, March 6th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 2,360 ($33.13) price objective on shares of Ashtead Group in a report on Tuesday, March 6th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 2,213.33 ($31.07).

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Shares of AHT traded up GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 1,976.50 ($27.74). 1,425,037 shares of the stock were exchanged, compared to its average volume of 2,210,000. Ashtead Group has a twelve month low of GBX 1,476 ($20.72) and a twelve month high of GBX 2,185 ($30.67).

Ashtead Group (LON:AHT) last posted its earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.45) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 29.60 ($0.42) by GBX 2.60 ($0.04). Ashtead Group had a return on equity of 95.06% and a net margin of 59.82%. The business had revenue of £916.10 million for the quarter.

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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.

Analyst Recommendations for Ashtead Group (LON:AHT)

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