Ashtead Group plc (AHT) Rating Reiterated by BNP Paribas
Ashtead Group plc (LON:AHT)‘s stock had its “neutral” rating reiterated by research analysts at BNP Paribas in a report issued on Monday. They currently have a GBX 1,100 ($13.41) target price on the stock. BNP Paribas’ price objective suggests a potential downside of 16.35% from the company’s current price.
Several other research analysts have also recently weighed in on AHT. Peel Hunt restated a “buy” rating and issued a GBX 1,250 ($15.23) price target on shares of Ashtead Group plc in a research note on Wednesday, July 13th. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 770 ($9.38) price target on shares of Ashtead Group plc in a research note on Monday, July 4th. Barclays PLC restated an “overweight” rating and issued a GBX 1,279 ($15.59) price target on shares of Ashtead Group plc in a research note on Thursday, September 8th. Jefferies Group restated a “buy” rating and issued a GBX 1,550 ($18.89) price target on shares of Ashtead Group plc in a research note on Friday, October 14th. Finally, HSBC boosted their price target on Ashtead Group plc from GBX 970 ($11.82) to GBX 1,225 ($14.93) and gave the stock a “hold” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Ashtead Group plc has an average rating of “Buy” and an average price target of GBX 1,306.27 ($15.92).
Shares of Ashtead Group plc (LON:AHT) opened at 1325.00 on Monday. The company’s market cap is GBX 6.62 billion. The stock’s 50 day moving average price is GBX 1,266.58 and its 200-day moving average price is GBX 1,084.79. Ashtead Group plc has a 12 month low of GBX 749.00 and a 12 month high of GBX 1,378.93.
In other Ashtead Group plc news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($14.45), for a total value of £296,500 ($361,365.02).
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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