Ashtead Group Stock Rating Reaffirmed by Liberum Capital (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating restated by stock analysts at Liberum Capital in a report issued on Friday, Analyst Ratings Net reports. They currently have a GBX 810 ($13.29) price objective on the stock. Liberum Capital’s price target would suggest a potential downside of 0.25% from the stock’s previous close.
Shares of Ashtead Group (LON:AHT) opened at 812.00 on Friday. Ashtead Group has a 52 week low of GBX 430.20 and a 52 week high of GBX 814.50. The stock’s 50-day moving average is GBX 735.1 and its 200-day moving average is 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.
A number of other analysts have also recently weighed in on AHT. Analysts at Credit Suisse raised their price target on shares of Ashtead Group from GBX 850 ($13.94) to GBX 1,000 ($16.40) in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus 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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