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.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/16/ashtead-group-plc-aht-earns-buy-rating-from-peel-hunt.html.

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.

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 MarketBeat.com's FREE daily email newsletter.