Citigroup Inc. Reiterates Buy Rating for Ashtead Group (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 750 ($12.10) target price on the stock. Citigroup Inc.’s price target indicates a potential upside of 20.97% from the stock’s previous close.
A number of other firms have also recently commented on AHT. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ashtead Group (LON:AHT) in a research note to investors on Wednesday. They now have a GBX 734 ($11.84) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ashtead Group (LON:AHT) in a research note to investors on Friday, September 20th. They now have a GBX 850 ($13.71) price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Ashtead Group (LON:AHT) in a research note to investors on Thursday, September 5th. They now have a GBX 750 ($12.10) price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 744.30 ($12.01).
Shares of Ashtead Group (LON:AHT) traded down 0.73% on Wednesday, hitting GBX 615.50. The stock had a trading volume of 424,216 shares. Ashtead Group has a one year low of GBX 332.50 and a one year high of GBX 736.00. The stock has a 50-day moving average of GBX 665.4 and a 200-day moving average of GBX 636.5. The company’s market cap is £3.084 billion.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.