A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,140 ($14.11) price target on shares of Ashtead Group plc in a research note on Thursday, July 21st. Barclays PLC restated an overweight rating and issued a GBX 1,180 ($14.60) price target on shares of Ashtead Group plc in a research note on Monday, July 11th. BNP Paribas downgraded Ashtead Group plc to a neutral rating and set a GBX 1,050 ($13.00) price target on the stock. in a research note on Monday, June 27th. Royal Bank Of Canada started coverage on Ashtead Group plc in a research note on Thursday. They issued an outperform rating and a GBX 1,580 ($19.55) price target on the stock. Finally, Credit Suisse Group AG raised Ashtead Group plc to a neutral rating and lifted their price objective for the stock from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 1,306.27 ($16.17).
Shares of Ashtead Group plc (LON:AHT) traded down 0.99% during midday trading on Friday, reaching GBX 1302.00. 1,407,319 shares of the company’s stock traded hands. The stock’s market cap is GBX 6.51 billion. Ashtead Group plc has a 12 month low of GBX 749.00 and a 12 month high of GBX 1,378.93. The stock has a 50 day moving average of GBX 1,263.38 and a 200-day moving average of GBX 1,076.46.
In related news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of GBX 1,186 ($14.68), for a total value of £296,500 ($366,955.45).
About Ashtead Group plc
Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services.
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