Ashtead Group (LON:AHT) had its price target reduced by Deutsche Bank from GBX 2,025 ($26.46) to GBX 1,900 ($24.83) in a report issued on Wednesday morning. They currently have a hold rating on the stock.
AHT has been the topic of a number of other research reports. Liberum Capital reaffirmed a buy rating on shares of Ashtead Group in a report on Tuesday, September 11th. Peel Hunt reissued a buy rating on shares of Ashtead Group in a report on Tuesday, September 11th. Barclays dropped their target price on Ashtead Group from GBX 2,580 ($33.71) to GBX 2,200 ($28.75) and set an overweight rating on the stock in a report on Monday, November 5th. Jefferies Financial Group reissued a buy rating and set a GBX 2,750 ($35.93) target price on shares of Ashtead Group in a report on Tuesday, September 11th. Finally, UBS Group reissued a sell rating and set a GBX 1,700 ($22.21) target price on shares of Ashtead Group in a report on Thursday, November 29th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Ashtead Group currently has an average rating of Buy and a consensus target price of GBX 2,341.43 ($30.59).
Shares of AHT traded up GBX 14.50 ($0.19) during mid-day trading on Wednesday, reaching GBX 1,884.50 ($24.62). 1,835,264 shares of the company’s stock traded hands, compared to its average volume of 2,210,000. Ashtead Group has a 12 month low of GBX 1,476 ($19.29) and a 12 month high of GBX 2,185 ($28.55).
Ashtead Group (LON:AHT) last released its quarterly earnings results on Tuesday, December 11th. The company reported GBX 98.80 ($1.29) earnings per share for the quarter.
The firm also recently declared a dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Thursday, January 17th will be given a GBX 6.50 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, January 17th. This represents a yield of 0.39%.
In other Ashtead Group news, insider Ian Sutcliffe purchased 13,933 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were purchased at an average price of GBX 1,794 ($23.44) per share, for a total transaction of £249,958.02 ($326,614.43).
Ashtead Group Company Profile
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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