Ashtead Group Price Target Raised to GBX 1,000 at Credit Suisse (AHT)
Equities research analysts at Credit Suisse increased their target price on shares of Ashtead Group (LON:AHT) from GBX 850 ($13.94) to GBX 1,000 ($16.40) in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective suggests a potential upside of 26.58% from the company’s current price.
Shares of Ashtead Group (LON:AHT) traded down 1.74% on Wednesday, hitting GBX 790.00. 1,172,443 shares of the company’s stock traded hands. Ashtead Group has a 52 week low of GBX 430.20 and a 52 week high of GBX 792.50. The stock has a 50-day moving average of GBX 720.8 and a 200-day moving average of GBX 678.8. The company’s market cap is £3.959 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be paid a dividend of GBX 2.25 ($0.04) per share. This represents a dividend yield of 0.3%. The ex-dividend date is Wednesday, January 15th.
A number of other analysts have also recently weighed in on AHT. Analysts at Jefferies Group raised their price target on shares of Ashtead Group from GBX 800 ($13.12) to GBX 900 ($14.76) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Friday, January 3rd. They now have a GBX 860 ($14.11) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Ashtead Group in a research note to investors on Wednesday, December 11th. They now have a GBX 825 ($13.53) price target on the stock. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 798 ($13.09).
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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