Ashtead Group plc (LON:AHT) had its price objective increased by Berenberg Bank from GBX 1,600 ($20.66) to GBX 1,700 ($21.96) in a research note published on Thursday. Berenberg Bank currently has a hold rating on the stock.

AHT has been the topic of a number of other reports. Beaufort Securities reaffirmed a buy rating on shares of Ashtead Group plc in a report on Wednesday, June 14th. Peel Hunt reaffirmed a buy rating and issued a GBX 1,800 ($23.25) price objective on shares of Ashtead Group plc in a report on Thursday, August 17th. Liberum Capital reaffirmed a buy rating and issued a GBX 1,940 ($25.05) price objective on shares of Ashtead Group plc in a report on Tuesday, June 13th. Barclays PLC upped their price objective on Ashtead Group plc from GBX 1,837 ($23.72) to GBX 1,867 ($24.11) and gave the company an overweight rating in a report on Wednesday, June 14th. Finally, Numis Securities Ltd reaffirmed an add rating and issued a GBX 1,750 ($22.60) price objective on shares of Ashtead Group plc in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 1,783.62 ($23.04).

Shares of Ashtead Group plc (LON AHT) traded down 1.31% during midday trading on Thursday, hitting GBX 1738.00. 1,858,765 shares of the stock traded hands. The firm’s 50 day moving average price is GBX 1,643.59 and its 200 day moving average price is GBX 1,629.55. Ashtead Group plc has a 12-month low of GBX 1,182.00 and a 12-month high of GBX 1,828.72. The company’s market capitalization is GBX 7.71 billion.

Ashtead Group plc (LON:AHT) last posted its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). The business had revenue of £828.80 million for the quarter. Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. Analysts expect that Ashtead Group plc will post $118.65 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Ashtead Group plc (AHT) Price Target Increased to GBX 1,700 by Analysts at Berenberg Bank” was first reported by Daily Political and is owned by of Daily Political. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at

In related news, insider Geoffrey Drabble sold 111,314 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of GBX 1,622 ($20.95), for a total transaction of £1,805,513.08 ($2,331,800.44).

About Ashtead Group plc

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

Receive News & Ratings for Ashtead Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashtead Group plc and related companies with's FREE daily email newsletter.