Ashtead Group Price Target Increased to GBX 900 by Analysts at Jefferies Group (AHT)
Investment analysts at Jefferies Group hoisted their target price on shares of Ashtead Group (LON:AHT) from GBX 800 ($13.12) to GBX 900 ($14.76) in a note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 10.84% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ashtead Group in a research note to investors on Wednesday, December 11th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Ashtead Group currently has a consensus rating of “Buy” and a consensus price target of GBX 798 ($13.09).
Shares of Ashtead Group (LON:AHT) opened at 812.00 on Tuesday. Ashtead Group has a 52 week low of GBX 430.20 and a 52 week high of GBX 814.50. The stock has a 50-day moving average of GBX 735.1 and a 200-day moving average of GBX 682.6. The company’s market cap is £4.069 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, February 5th. Investors of record on Wednesday, January 15th will be given a dividend of GBX 2.25 ($0.04) per share. This represents a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, January 15th.
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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