Royal Bank Of Canada Initiates Coverage on Ashtead Group plc (AHT)
Royal Bank Of Canada started coverage on shares of Ashtead Group plc (LON:AHT) in a research note issued on Thursday. The firm set an “outperform” rating and a GBX 1,580 ($19.55) price target on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 18.89% from the company’s current price.
A number of other analysts also recently commented on the stock. BNP Paribas reissued a “neutral” rating and set a GBX 1,100 ($13.61) price objective on shares of Ashtead Group plc in a report on Monday. Credit Suisse Group AG raised shares of Ashtead Group plc to a “neutral” rating and upped their price target for the company from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a report on Tuesday, September 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 1,450 ($17.95) price target on shares of Ashtead Group plc in a report on Monday, September 12th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 710 ($8.79) price target on shares of Ashtead Group plc in a report on Thursday, September 8th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,279 ($15.83) price target on shares of Ashtead Group plc in a report on Thursday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 1,255.93 ($15.54).
Ashtead Group plc (LON:AHT) opened at 1337.00 on Thursday. The stock’s market capitalization is GBX 6.68 billion. The company has a 50-day moving average of GBX 1,258.54 and a 200-day moving average of GBX 1,072.90. Ashtead Group plc has a 52 week low of GBX 749.00 and a 52 week high of GBX 1,378.93.
In other news, insider Cole,Christopher sold 25,000 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($14.68), for a total value of £296,500 ($366,955.45).
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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