Ashtead Group (AHT) Rating Reiterated by Berenberg Bank
AHT has been the topic of a number of other research reports. Jefferies Financial Group reissued a buy rating and issued a GBX 2,750 ($35.82) price objective on shares of Ashtead Group in a research note on Tuesday. Numis Securities upped their price target on Ashtead Group from GBX 2,500 ($32.56) to GBX 2,800 ($36.47) and gave the company a buy rating in a research note on Wednesday, June 20th. Peel Hunt reaffirmed a buy rating on shares of Ashtead Group in a research note on Tuesday. UBS Group reaffirmed a sell rating on shares of Ashtead Group in a research note on Wednesday, July 4th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 2,500 ($32.56) price target on shares of Ashtead Group in a research note on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 2,396.43 ($31.22).
Ashtead Group stock opened at GBX 2,394 ($31.18) on Tuesday. Ashtead Group has a 52 week low of GBX 1,476 ($19.23) and a 52 week high of GBX 2,185 ($28.46).
In related news, insider Tanya Fratto acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 27th. The stock was acquired at an average price of GBX 2,254 ($29.36) per share, for a total transaction of £22,540 ($29,360.43). Also, insider Ian Sutcliffe sold 24,500 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of GBX 2,389 ($31.12), for a total value of £585,305 ($762,413.70).
About Ashtead Group
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.
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