Numis Securities Ltd Upgrades Ashtead Group to “Add” (AHT)
Ashtead Group (LON:AHT) was upgraded by investment analysts at Numis Securities Ltd from a “hold” rating to an “add” rating in a note issued to investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a GBX 670 ($10.75) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 13.56% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Wednesday, October 2nd. They now have a GBX 750 ($12.03) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ashtead Group in a research note to investors on Wednesday, October 2nd. They now have a GBX 734 ($11.78) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Ashtead Group in a research note to investors on Friday, September 20th. They now have a GBX 850 ($13.64) price target on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 744.30 ($11.94).
Shares of Ashtead Group (LON:AHT) opened at 615.00 on Thursday. Ashtead Group has a one year low of GBX 341.10 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 £3.082 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.
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