Ashtead Group (AHT) Rating Reiterated by Liberum Capital

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a report issued on Tuesday. They currently have a GBX 2,360 ($33.79) target price on the stock. Liberum Capital’s price objective indicates a potential upside of 12.27% from the company’s previous close.

AHT has been the subject of a number of other research reports. Barclays reiterated an “overweight” rating on shares of Ashtead Group in a report on Wednesday, March 7th. Credit Suisse Group upgraded Ashtead Group to an “outperform” rating and upped their price objective for the company from GBX 1,650 ($23.63) to GBX 2,240 ($32.07) in a report on Wednesday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,400 ($34.36) price objective on shares of Ashtead Group in a report on Thursday, December 21st. Berenberg Bank upped their price objective on Ashtead Group from GBX 1,700 ($24.34) to GBX 1,900 ($27.21) and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, JPMorgan Chase upped their price objective on Ashtead Group from GBX 2,400 ($34.36) to GBX 2,450 ($35.08) and gave the company an “overweight” rating in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Ashtead Group has a consensus rating of “Buy” and a consensus target price of GBX 2,213.33 ($31.69).

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Shares of AHT opened at GBX 2,102 ($30.10) on Tuesday. Ashtead Group has a 12-month low of GBX 1,476 ($21.13) and a 12-month high of GBX 2,185 ($31.29).

Ashtead Group (LON:AHT) last issued its quarterly earnings results on Tuesday, March 6th. The company reported GBX 32.20 ($0.46) earnings per share (EPS) for the quarter, beating the 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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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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