Ashtead Group Receives Buy Rating from Cantor Fitzgerald Europe (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, AmericanBankingNews.com reports. They currently have a GBX 960 ($15.76) price objective on the stock. Cantor Fitzgerald Europe’s price objective points to a potential upside of 19.33% from the stock’s previous close.
Ashtead Group (LON:AHT) traded down 0.31% during mid-day trading on Monday, hitting GBX 804.50. The stock had a trading volume of 589,324 shares. Ashtead Group has a 1-year low of GBX 430.20 and a 1-year high of GBX 814.5001. The stock has a 50-day moving average of GBX 759.0 and a 200-day moving average of GBX 690.0. The company’s market cap is £4.032 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, February 5th. Stockholders 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 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 investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 826.69 ($13.57).
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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