Ashtead Group’s “Buy” Rating Reaffirmed at Jefferies Group (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a report issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 850 ($13.57) price target on the stock. Jefferies Group’s price target indicates a potential upside of 29.47% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Ashtead Group to an “overweight” rating in a research note to investors on Tuesday. They now have a GBX 734 ($11.72) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 745.45 ($11.90).
Ashtead Group (LON:AHT) traded up 0.92% on Thursday, hitting GBX 656.50. 2,520,486 shares of the company’s stock traded hands. Ashtead Group has a 52 week low of GBX 345.60 and a 52 week high of GBX 736.00. The stock’s 50-day moving average is GBX 665.4 and its 200-day moving average is GBX 636.5. The company’s market cap is £3.290 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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