Ashtead Group Given “Buy” Rating at UBS AG (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by equities research analysts at UBS AG in a research note issued to investors on Friday, Analyst Ratings Network reports. They currently have a GBX 760 ($11.84) price target on the stock. UBS AG’s target price suggests a potential upside of 12.18% from the stock’s previous close.
Ashtead Group (LON:AHT) traded up 4.47% on Friday, hitting GBX 677.50. The stock had a trading volume of 1,168,332 shares. Ashtead Group has a 52 week low of GBX 269.10 and a 52 week high of GBX 736.46. The stock has a 50-day moving average of GBX 691.2 and a 200-day moving average of GBX 617.0. The company’s market cap is £3.391 billion.
A number of other analysts have also recently weighed in on AHT. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Tuesday, August 20th. They now have a GBX 835 ($13.00) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Monday, August 5th. They now have a GBX 750 ($11.68) price target on the stock.
Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 723.83 ($11.27).
Ashtead Group plc is an investment holding and management company. The principal activity of the Company is the rental of equipment to industrial and commercial users mainly in the non-residential construction sectors of the United States and the United Kingdom.
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