Ashtead Group’s “Buy” Rating Reaffirmed at Cantor Fitzgerald Europe (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 960 ($15.76) price target on the stock. Cantor Fitzgerald Europe’s price target would suggest a potential upside of 18.96% from the company’s current price.
Shares of 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’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 £4.032 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.
Other equities research analysts have also recently issued reports about 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 equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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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