Shares of Ashtead Group plc (LON:AHT) have received a consensus rating of “Buy” from the sixteen research firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,306.27 ($16.17).
A number of analysts recently weighed in on AHT shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,140 ($14.11) target price on shares of Ashtead Group plc in a research note on Thursday, July 21st. Barclays PLC reissued an “overweight” rating and issued a GBX 1,180 ($14.60) target price on shares of Ashtead Group plc in a research note on Monday, July 11th. BNP Paribas cut shares of Ashtead Group plc to a “neutral” rating and set a GBX 1,050 ($13.00) target price on the stock. in a research note on Monday, June 27th. Royal Bank Of Canada started coverage on shares of Ashtead Group plc in a research note on Thursday. They issued an “outperform” rating and a GBX 1,580 ($19.55) target price on the stock. Finally, Credit Suisse Group AG raised shares of Ashtead Group plc to a “neutral” rating and upped their target price for the company from GBX 770 ($9.53) to GBX 1,150 ($14.23) in a research note on Tuesday, September 27th.
In other news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($14.68), for a total transaction of £296,500 ($366,955.45).
Ashtead Group plc (LON:AHT) opened at 1308.00 on Friday. Ashtead Group plc has a 52-week low of GBX 749.00 and a 52-week high of GBX 1,378.93. The firm has a 50-day moving average of GBX 1,263.38 and a 200 day moving average of GBX 1,076.46. The firm’s market cap is GBX 6.54 billion.
Ashtead Group plc Company Profile
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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