Ashtead Group Stock Rating Reaffirmed by Cantor Fitzgerald Europe (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating restated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 960 ($15.76) price objective on the stock. Cantor Fitzgerald Europe’s price target would suggest a potential upside of 18.96% from the stock’s previous close.
AHT has been the subject of a number of other recent research reports. 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 analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 826.69 ($13.57).
Ashtead Group (LON:AHT) traded down 0.62% on Monday, hitting GBX 802.0001. 301,952 shares of the company’s stock traded hands. Ashtead Group has a 52 week low of GBX 430.20 and a 52 week high of GBX 814.5001. The stock’s 50-day moving average is GBX 754.2 and its 200-day moving average is GBX 688.7. The company’s market cap is £4.019 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, February 5th. Shareholders 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.