Credit Suisse Group AG upgraded shares of Ashtead Group plc (LON:AHT) to a neutral rating in a research note published on Tuesday. Credit Suisse Group AG currently has GBX 1,150 ($15.01) target price on the stock, up from their previous target price of GBX 770 ($10.05).
Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,140 ($14.88) target price on shares of Ashtead Group plc in a research report on Thursday, July 21st. Jefferies Group reissued a buy rating on shares of Ashtead Group plc in a research report on Tuesday, August 2nd. BNP Paribas reissued a neutral rating and issued a GBX 1,050 ($13.71) target price on shares of Ashtead Group plc in a research report on Monday, July 11th. Peel Hunt reissued a buy rating and issued a GBX 1,350 ($17.62) target price on shares of Ashtead Group plc in a research report on Wednesday, September 7th. Finally, Berenberg Bank boosted their target price on shares of Ashtead Group plc from GBX 1,150 ($15.01) to GBX 1,200 ($15.66) and gave the stock a buy rating in a research report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 1,232.79 ($16.09).
Shares of Ashtead Group plc (LON:AHT) opened at 1230.00 on Tuesday. Ashtead Group plc has a 12 month low of GBX 749.00 and a 12 month high of GBX 1,378.93. The company has a 50-day moving average of GBX 1,235.22 and a 200-day moving average of GBX 1,039.12. The firm’s market cap is GBX 6.15 billion.
In other Ashtead Group plc news, insider Cole,Christopher sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of GBX 1,186 ($15.48), for a total value of £296,500 ($387,025.19). Also, insider Edmunds,Wayne bought 7,000 shares of the firm’s stock in a transaction on Monday, July 4th. The stock was purchased at an average price of GBX 1,079 ($14.08) per share, with a total value of £75,530 ($98,590.26).
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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