Ashtead Group plc’s (AHT) Buy Rating Reaffirmed at Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of Ashtead Group plc (LON:AHT) in a research note published on Monday morning. The firm currently has a GBX 2,000 ($26.39) price target on the stock.
Other research analysts have also recently issued reports about the stock. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,800 ($23.75) price objective on shares of Ashtead Group plc in a report on Wednesday, September 13th. Barclays PLC reissued an overweight rating and set a GBX 1,867 ($24.64) price target on shares of Ashtead Group plc in a research report on Wednesday, September 13th. Numis Securities Ltd raised their price target on shares of Ashtead Group plc from GBX 1,800 ($23.75) to GBX 2,000 ($26.39) and gave the company an add rating in a research report on Wednesday, September 13th. Liberum Capital raised their price target on shares of Ashtead Group plc from GBX 1,940 ($25.60) to GBX 2,030 ($26.79) and gave the company a buy rating in a research report on Thursday, September 14th. Finally, Peel Hunt reissued a buy rating and set a GBX 1,800 ($23.75) price target on shares of Ashtead Group plc in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 1,799.07 ($23.74).
Shares of Ashtead Group plc (AHT) remained flat at GBX 1940.00 during midday trading on Monday. 1,081,037 shares of the company’s stock traded hands. The company’s market capitalization is GBX 9.65 billion. The company’s 50 day moving average is GBX 1,828.28 and its 200-day moving average is GBX 1,665.52. Ashtead Group plc has a 1-year low of GBX 1,202.00 and a 1-year high of GBX 1,975.00.
Ashtead Group plc (LON:AHT) last posted its quarterly earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) EPS for the quarter, topping analysts’ consensus estimates of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). The business had revenue of £828.80 million during the quarter. Ashtead Group plc had a net margin of 17.04% and a return on equity of 29.67%. On average, equities analysts forecast that Ashtead Group plc will post $118.98 EPS for the current fiscal year.
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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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