Ashtead Group’s (AHT) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Ashtead Group (LON:AHT) in a report published on Friday. The brokerage currently has a GBX 2,800 ($40.09) price objective on the stock.

A number of other analysts have also issued reports on AHT. JPMorgan Chase reissued an overweight rating and issued a GBX 2,500 ($35.80) price target on shares of Ashtead Group in a research report on Thursday, April 12th. Numis Securities reissued a buy rating and issued a GBX 2,500 ($35.80) price target on shares of Ashtead Group in a research report on Wednesday, March 7th. Credit Suisse Group raised shares of Ashtead Group to an outperform rating and increased their price target for the stock from GBX 1,650 ($23.63) to GBX 2,240 ($32.07) in a research report on Wednesday, January 3rd. Peel Hunt increased their price target on shares of Ashtead Group from GBX 1,800 ($25.77) to GBX 2,200 ($31.50) and gave the stock a buy rating in a research report on Thursday, December 14th. Finally, Morgan Stanley increased their price target on shares of Ashtead Group from GBX 1,375 ($19.69) to GBX 1,940 ($27.78) and gave the stock an equal weight rating in a research report on Friday, March 2nd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 2,213.33 ($31.69).

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LON AHT opened at GBX 2,053 ($29.40) on Friday. Ashtead Group has a 52-week low of GBX 1,476 ($21.13) and a 52-week high of GBX 2,185 ($31.29).

Ashtead Group (LON:AHT) last posted its quarterly earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 29.60 ($0.42) by GBX 2.60 ($0.04). The business had revenue of £916.10 million during the quarter. Ashtead Group had a net margin of 59.82% and a return on equity of 95.06%.

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About Ashtead Group

Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.

Analyst Recommendations for Ashtead Group (LON:AHT)

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