Ashtead Group plc (AHT) Earns Buy Rating from Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Ashtead Group plc (LON:AHT) in a research report report published on Tuesday. The brokerage currently has a GBX 1,800 ($23.25) price objective on the stock.
AHT has been the subject of a number of other research reports. Jefferies Group LLC restated a buy rating and set a GBX 2,000 ($25.83) price objective on shares of Ashtead Group plc in a report on Monday, September 4th. Liberum Capital reiterated a buy rating and issued a GBX 1,940 ($25.05) price target on shares of Ashtead Group plc in a research report on Tuesday, June 6th. Royal Bank Of Canada lifted their price target on shares of Ashtead Group plc from GBX 1,920 ($24.80) to GBX 2,000 ($25.83) and gave the company an outperform rating in a research report on Friday, June 23rd. HSBC Holdings plc upgraded shares of Ashtead Group plc to a buy rating and lifted their price target for the company from GBX 1,650 ($21.31) to GBX 1,740 ($22.47) in a research report on Monday, June 12th. Finally, Beaufort Securities reiterated a buy rating on shares of Ashtead Group plc in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 1,783.62 ($23.04).
Ashtead Group plc (LON AHT) opened at 1738.00 on Tuesday. The firm’s market capitalization is GBX 7.71 billion. Ashtead Group plc has a one year low of GBX 1,182.00 and a one year high of GBX 1,828.72. The stock has a 50 day moving average price of GBX 1,643.59 and a 200-day moving average price of GBX 1,629.55.
Ashtead Group plc (LON:AHT) last issued its quarterly earnings data on Tuesday, September 12th. The company reported GBX 31.50 ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 30.10 ($0.39) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 24.78% and a net margin of 14.47%. The company had revenue of £828.80 million during the quarter. On average, equities analysts forecast that Ashtead Group plc will post $118.65 earnings per share for the current year.
In other news, insider Geoffrey Drabble sold 111,314 shares of Ashtead Group plc stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of GBX 1,622 ($20.95), for a total value 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.
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