JPMorgan Chase & Co. Boosts Ashtead Group (AHT) Price Target to GBX 2,450
Ashtead Group (LON:AHT) had its target price increased by JPMorgan Chase & Co. from GBX 2,400 ($32.55) to GBX 2,450 ($33.22) in a report issued on Monday morning. They currently have an overweight rating on the stock.
AHT has been the topic of a number of other reports. Peel Hunt reaffirmed a buy rating and set a GBX 2,200 ($29.83) target price on shares of Ashtead Group in a research report on Thursday, January 4th. Liberum Capital reaffirmed a buy rating and set a GBX 2,030 ($27.53) target price on shares of Ashtead Group in a research report on Thursday, December 7th. Jefferies Group reaffirmed a buy rating and set a GBX 2,000 ($27.12) target price on shares of Ashtead Group in a research report on Thursday, October 19th. Numis Securities reaffirmed a buy rating and set a GBX 2,500 ($33.90) target price on shares of Ashtead Group in a research report on Wednesday, December 13th. Finally, Barclays reaffirmed an overweight rating and set a GBX 2,263 ($30.69) target price on shares of Ashtead Group in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of GBX 2,033.79 ($27.58).
Shares of Ashtead Group (LON:AHT) traded up GBX 28 ($0.38) on Monday, reaching GBX 2,048 ($27.77). The company’s stock had a trading volume of 1,553,798 shares, compared to its average volume of 1,770,000. Ashtead Group has a 12-month low of GBX 1,476 ($20.02) and a 12-month high of GBX 2,118 ($28.72). The firm has a market capitalization of $10,210.00 and a price-to-earnings ratio of 1,861.82.
Ashtead Group (LON:AHT) last issued its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.95) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 69.10 ($0.94) by GBX 1.10 ($0.01). Ashtead Group had a return on equity of 32.51% and a net margin of 16.77%. The firm had revenue of GBX 189.91 billion for the quarter.
The firm also recently disclosed a dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Thursday, January 18th will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a yield of 0.29%.
In other Ashtead Group news, insider Suzanne Wood sold 145,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.88), for a total value of £2,981,200 ($4,042,853.27).
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Ashtead Group Company Profile
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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