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).

COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2018/01/09/jpmorgan-chase-co-boosts-ashtead-group-aht-price-target-to-gbx-2450.html.

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.

Analyst Recommendations for Ashtead Group (LON:AHT)

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