HSBC upgraded shares of Ashtead Group (LON: AHT) from a neutral rating to an overweight rating in a research note released on Friday morning.

Shares of Ashtead Group traded down 1.28% during mid-day trading on Friday, hitting GBX 576.50. Ashtead Group has a one year low of GBX 212.20 and a one year high of GBX 596.00. The stock’s 50-day moving average is currently GBX 324.4. The company’s market cap is £2.886 billion.

A number of other firms have also recently commented on AHT. Analysts at Cantor Fitzgerald raised their price target on shares of Ashtead Group from $7.52 to $9.77 in a research note to investors on Thursday, March 7th. They now have a buy rating on the stock. Separately, analysts at HB Markets reiterated a buy rating on shares of Ashtead Group in a research note to investors on Wednesday, March 6th. Finally, analysts at Barclays Capital reiterated an overweight rating on shares of Ashtead Group in a research note to investors on Wednesday, March 6th. They now have a $9.76 price target on the stock.

Ashtead Group plc is an investment holding and management company. The principal activity of the Company is the rental of equipment to industrial and commercial users mainly in the non-residential construction sectors of the United States and the United Kingdom.

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