Ashtead Group Given “Buy” Rating at Jefferies Group (AHT)
Ashtead Group (LON:AHT)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research report issued on Thursday, Analyst RN reports. They currently have a GBX 900 ($14.77) target price on the stock. Jefferies Group’s price objective indicates a potential upside of 12.71% from the company’s current price.
Ashtead Group (LON:AHT) traded down 1.90% on Thursday, hitting GBX 798.50. 3,386,137 shares of the company’s stock traded hands. Ashtead Group has a 52 week low of GBX 441.80 and a 52 week high of GBX 814.5001. The stock has a 50-day moving average of GBX 767.1 and a 200-day moving average of GBX 692.5. The company’s market cap is £4.001 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, February 5th. Investors 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.
A number of other analysts have also recently weighed in on AHT. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Ashtead Group in a research note to investors on Monday. They now have a GBX 960 ($15.76) price target on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Ashtead Group 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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