Brokerages Set Ashtead Group plc (LON:AHT) Target Price at GBX 5,460

Shares of Ashtead Group plc (LON:AHT) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 5,460.

AHT has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued a “no recommendation” rating on shares of Ashtead Group in a research report on Thursday, November 6th. Peel Hunt reiterated a “hold” rating and issued a GBX 5,000 target price on shares of Ashtead Group in a report on Monday, December 15th. Jefferies Financial Group lowered shares of Ashtead Group to a “hold” rating and reduced their price target for the stock from GBX 5,900 to GBX 5,700 in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 4,600 price objective on shares of Ashtead Group in a research report on Friday, November 7th.

Ashtead Group Price Performance

AHT opened at GBX 5,344 on Monday. The firm has a market capitalization of £22.34 billion, a P/E ratio of 15.65, a PEG ratio of 1.32 and a beta of 1.22. The stock has a fifty day moving average of GBX 4,985.40 and a 200-day moving average of GBX 4,975.62. The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 146.30. Ashtead Group has a 12-month low of GBX 3,477 and a 12-month high of GBX 5,616.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races.