Ashtead Group Given Buy Rating at Cantor Fitzgerald Europe (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by stock analysts at Cantor Fitzgerald Europe in a report issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 960 ($15.76) target price on the stock. Cantor Fitzgerald Europe’s target price points to a potential upside of 19.33% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Ashtead Group from GBX 817 ($13.41) to GBX 913 ($14.99) in a research note to investors on Friday. They now have an “overweight” rating 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 ($13.30) price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Ashtead Group from GBX 850 ($13.95) to GBX 1,000 ($16.41) in a research note to investors on Wednesday, January 8th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 826.69 ($13.57).
Shares of Ashtead Group (LON:AHT) traded down 0.31% on Monday, hitting GBX 804.50. The stock had a trading volume of 589,324 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 £4.032 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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