Ashtead Group plc (AHT) Given Average Rating of “Buy” by Brokerages
Ashtead Group plc (LON:AHT) has earned an average recommendation of “Buy” from the sixteen ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,306.27 ($15.92).
Several analysts have recently commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 1,250 ($15.23) price target on shares of Ashtead Group plc in a research note on Wednesday, July 13th. BNP Paribas reissued a “neutral” rating and set a GBX 1,050 ($12.80) price target on shares of Ashtead Group plc in a research note on Monday, July 4th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 770 ($9.38) price target on shares of Ashtead Group plc in a research note on Monday, July 4th. Barclays PLC reissued an “overweight” rating and set a GBX 1,279 ($15.59) price target on shares of Ashtead Group plc in a research note on Thursday, September 8th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 1,550 ($18.89) price target on shares of Ashtead Group plc in a research note on Friday, October 14th.
In related news, insider Cole,Christopher sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($14.45), for a total transaction of £296,500 ($361,365.02).
Ashtead Group plc (LON:AHT) opened at 1319.00 on Friday. Ashtead Group plc has a 12-month low of GBX 749.00 and a 12-month high of GBX 1,378.93. The company’s market cap is GBX 6.59 billion. The firm has a 50 day moving average price of GBX 1,266.58 and a 200 day moving average price of GBX 1,084.79.
Ashtead Group plc Company Profile
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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