Ashtead Group plc (AHT) Rating Reiterated by BNP Paribas
Ashtead Group plc (LON:AHT)‘s stock had its “neutral” rating reissued by investment analysts at BNP Paribas in a note issued to investors on Monday. They presently have a GBX 1,100 ($14.36) target price on the stock. BNP Paribas’ price objective would suggest a potential downside of 17.09% from the company’s current price.
AHT has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Ashtead Group plc from GBX 1,140 ($14.88) to GBX 1,340 ($17.49) and gave the stock an “overweight” rating in a report on Monday, September 5th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 710 ($9.27) price objective on shares of Ashtead Group plc in a report on Thursday, September 8th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,385 ($18.08) price objective on shares of Ashtead Group plc in a report on Thursday, September 1st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,350 ($17.62) price objective on shares of Ashtead Group plc in a report on Wednesday, September 7th. Finally, Credit Suisse Group AG raised shares of Ashtead Group plc to a “neutral” rating and increased their price objective for the stock from GBX 770 ($10.05) to GBX 1,150 ($15.01) in a report on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,232.79 ($16.09).
Shares of Ashtead Group plc (LON:AHT) opened at 1343.00 on Monday. Ashtead Group plc has a one year low of GBX 749.00 and a one year high of GBX 1,378.93. The stock’s market cap is GBX 6.71 billion. The firm has a 50 day moving average of GBX 1,248.67 and a 200 day moving average of GBX 1,060.12.
In related news, insider Cole,Christopher sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($15.48), for a total transaction of £296,500 ($387,025.19).
About Ashtead Group plc
Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services.
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