Liberum Capital Reiterates “Buy” Rating for Ashtead Group (AHT)

Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued on Thursday.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,800 ($37.06) price objective on shares of Ashtead Group in a report on Friday, April 13th. Deutsche Bank restated a “hold” rating on shares of Ashtead Group in a report on Monday, April 23rd. BNP Paribas boosted their price objective on Ashtead Group from GBX 1,550 ($20.52) to GBX 2,050 ($27.13) and gave the company a “neutral” rating in a report on Friday, April 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,500 ($33.09) target price on shares of Ashtead Group in a report on Thursday, April 12th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 2,500 ($33.09) target price on shares of Ashtead Group in a report on Monday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Ashtead Group currently has an average rating of “Buy” and an average price target of GBX 2,339.29 ($30.96).

Ashtead Group opened at GBX 2,412 ($31.93) on Thursday, according to MarketBeat Ratings. Ashtead Group has a 52-week low of GBX 1,476 ($19.54) and a 52-week high of GBX 2,185 ($28.92).

In other Ashtead Group news, insider Christopher Cole sold 40,000 shares of the company’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of GBX 2,040 ($27.00), for a total value of £816,000 ($1,080,079.42). Also, insider Tanya Fratto acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The shares were bought at an average price of GBX 2,254 ($29.83) per share, with a total value of £22,540 ($29,834.55).

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.

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Analyst Recommendations for Ashtead Group (LON:AHT)

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