Ashtead Group (AHT) Raised to “Neutral” at UBS Group
UBS Group upgraded shares of Ashtead Group (LON:AHT) to a neutral rating in a research note issued to investors on Tuesday, www.digitallook.com reports. They currently have GBX 1,800 ($23.52) price objective on the stock, up from their prior price objective of GBX 1,700 ($22.21).
Several other equities research analysts have also issued reports on AHT. Peel Hunt reiterated a buy rating on shares of Ashtead Group in a research report on Thursday, January 3rd. JPMorgan Chase & Co. dropped their target price on shares of Ashtead Group from GBX 2,600 ($33.97) to GBX 2,300 ($30.05) and set an overweight rating for the company in a research report on Tuesday, December 4th. Deutsche Bank reiterated a hold rating on shares of Ashtead Group in a research report on Wednesday, December 12th. Liberum Capital reiterated a buy rating and set a GBX 2,390 ($31.23) target price on shares of Ashtead Group in a research report on Tuesday, December 11th. Finally, Royal Bank of Canada reiterated an outperform rating and set a GBX 2,800 ($36.59) target price on shares of Ashtead Group in a research report on Tuesday, December 11th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 2,313.85 ($30.23).
Shares of Ashtead Group stock opened at GBX 1,883 ($24.60) on Tuesday. Ashtead Group has a 1 year low of GBX 1,476 ($19.29) and a 1 year high of GBX 2,185 ($28.55).
The firm also recently declared a dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Thursday, January 17th will be paid a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 17th.
In other Ashtead Group news, insider Ian Sutcliffe purchased 13,933 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of GBX 1,794 ($23.44) per share, with a total value of £249,958.02 ($326,614.43).
Ashtead Group Company Profile
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.
Featured Article: Stochastic Momentum Index (SMI)
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.