Ashtead Group Upgraded to “Overweight” at JPMorgan Chase & Co. (AHT)
Ashtead Group (LON:AHT) was upgraded by equities research analysts at JPMorgan Chase & Co. to an “overweight” rating in a research note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a GBX 734 ($11.72) target price on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 15.05% from the stock’s previous close.
Ashtead Group (LON:AHT) traded up 1.43% during mid-day trading on Tuesday, hitting GBX 638.00. 1,155,242 shares of the company’s stock traded hands. Ashtead Group has a 52 week low of GBX 341.10 and a 52 week 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 £3.197 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd upgraded shares of Ashtead Group from a “hold” rating to an “add” rating in a research note to investors on Thursday, October 10th. They now have a GBX 670 ($10.70) 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 Wednesday, October 2nd. They now have a GBX 750 ($11.97) 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 ($13.57) price target on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 744.30 ($11.88).
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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