Ashtead Group PT Raised to GBX 913 at JPMorgan Chase & Co. (AHT)
Investment analysts at JPMorgan Chase & Co. raised their price target on shares of Ashtead Group (LON:AHT) from GBX 817 ($13.46) to GBX 913 ($15.05) in a note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 13.14% from the company’s current price.
Shares of Ashtead Group (LON:AHT) traded down 0.25% during mid-day trading on Friday, hitting GBX 807.00. The stock had a trading volume of 1,498,495 shares. Ashtead Group has a 52 week low of GBX 430.20 and a 52 week high of GBX 814.5001. The stock has a 50-day moving average of GBX 754.2 and a 200-day moving average of GBX 688.7. The company’s market cap is £4.044 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.
AHT has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Tuesday. They now have a GBX 870 ($14.34) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Friday, January 10th. They now have a GBX 810 ($13.35) price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Ashtead Group from GBX 850 ($14.01) to GBX 1,000 ($16.48) in a research note to investors on Wednesday, January 8th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Ashtead Group currently has a consensus rating of “Buy” and an average price target of GBX 819.77 ($13.51).
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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